Portfolio Theory and Performance Analysis - Jane E Dutton Veronique Le Sourd Gebunden

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 p ortfolio 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