EAN: 9780470858745

PORTFOLIO THEORY AND PERFORMANCE ANALYSIS - JAN...

For many years asset management was considered to be a marginal activity  but today  it is
central to the development of financial industry throughout the world. Asset management's
transition from an art and craft to an industry has inevitably called integrated business
models into question  favouring specialisation strategies based on cost optimisation and
learning curve objectives. This book connects each of these major categories of techniques and
practices to the unifying and seminal conceptual developments of modern portfolio theory. In
these bear market times  performance evaluation of portfolio managers is of central focus. This
book will be one of very few on the market and is by a respected member of the profession. *
Allows the professionals  whether managers or investors  to take a step back and clearly
separate true innovations from mere improvements to well-known  existing techniques * Puts into
context the importance of innovations with regard to the fundamental portfolio management
questions  which are the evolution of the investment management process  risk analysis and
performance measurement * Takes the explicit or implicit assumptions contained in the promoted
tools into account and  by so doing  evaluate the inherent interpretative or practical limits

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