Portfolio Theory and Performance Analysis

Beschreibung

For many years asset management was considered to be a marginalactivity, but today, it is central to the development of financialindustry throughout the world. Asset management's transition froman "art and craft" to an industry has inevitably called integratedbusiness models into question, favouring specialisation strategiesbased on cost optimisation and learning curve objectives. This bookconnects each of these major categories of techniques and practicesto the unifying and seminal conceptual developments of modernportfolio theory. In these bear market times, performance evaluation of portfoliomanagers is of central focus. This book will be one of very few onthe market and is by a respected member of the profession. * Allows the professionals, whether managers or investors, totake a step back and clearly separate true innovations from mereimprovements to well-known, existing techniques * Puts into context the importance of innovations with regard tothe fundamental portfolio management questions, which are theevolution of the investment management process, risk analysis andperformance measurement * Takes the explicit or implicit assumptions contained in thepromoted tools into account and, by so doing, evaluate the inherentinterpretative or practical limits

Autor*in

Noel Amenc

Themen in »Portfolio Theory and Performance Analysis«

Finance & Investments Finanz- u. Anlagewesen Investments & Securities Kapitalanlage Kapitalanlagen u. Wertpapiere

Stimmen zu »Portfolio Theory and Performance Analysis«

Details

Link teilen