Advances in Active Portfolio Management: New Developments in Quantitative Investing 1st edition – eBook PDF

Advances in Active Portfolio Management: New Developments in Quantitative Investing 1st – Ebook PDF Instant Delivery – ISBN(s): 9781260453713,1260453715, 9781260453720, 1260453723

Product details:

• ISBN-10 ‏ : ‎ 1260453723
• ISBN-13 ‏ : ‎9781260453720
• Author: Richard Grinold, Ronald Kahn 

Whether you’re a portfolio manager, financial adviser, or investing novice, this important follow-up to the classic guide to active portfolio management delivers everything you need to beat the market at every turn.

Advances in Active Portfolio Management gets you fully up to date on the issues, trends, and challenges in the world of active management―and shows how to apply advances in the Grinold and Kahn’s legendary approach to meet current challenges. Composed of articles published in today’s leading management publications―including several that won Journal of Portfolio Management’s prestigious Bernstein Fabozzi/Jacobs Levy Award―this comprehensive guide is filled with new insights into:

• Dynamic Portfolio Management
• Signal Weighting
• Implementation Efficiency
• Holdings-based attribution
• Expected returns
• Risk management
• Portfolio construction
• Fees

Providing everything you need to master active portfolio management in today’s investing landscape, the book is organized into three sections: the fundamentals of successful active management, advancing the authors’ framework, and applying the framework in today’s investing landscape.

The culmination of many decades of investing experience and research, Advances in Active Portfolio Management makes complex issues easy to understand and put into practice. It’s the one-stop resource you need to succeed in the world of investing today.

Table of contents:

1 Introduction: Advances in Active Portfolio Management

SECTION 1 Recap of Active Portfolio Management

2 Introduction to the Recap of Active Portfolio Management Section

3 Seven Insights into Active Management

4 A Retrospective Look at the Fundamental Law of Active Management

5 Breadth, Skill, and Time

SECTION 2 Advances in Active Portfolio Management
SECTION 2.1 Dynamic Portfolio Management

6 Introduction to the Dynamic Portfolio Management Section

7 Implementation Efficiency

8 Dynamic Portfolio Analysis

9 Signal Weighting

10 Linear Trading Rules for Portfolio Management

11 Nonlinear Trading Rules for Portfolio Management

SECTION 2.2 Portfolio Analysis and Attribution

12 Introduction to the Portfolio Analysis and Attribution Section

13 Attribution

14 The Description of Portfolios

SECTION 3: Applications of Active Portfolio Management
SECTION 3.1 Expected Return: The Equity Risk Premium and Market Efficiency

15 Introduction to “A Supply Model of the Equity Premium”

16 A Supply Model of the Equity Premium

17 Introduction to “Is Beta Dead Again?”

18 Is Beta Dead Again?

19 Introduction to “Are Benchmark Portfolios Efficient?”

20 Are Benchmark Portfolios Efficient?

SECTION 3.2 Expected Return: Smart Beta

21 Introduction to the Smart Beta Section

22 Who Should Buy Smart Beta?

23 Smart Beta: The Owner’s Manual

24 Smart Beta Illustrated

25 The Asset Manager’s Dilemma

SECTION 3.3 Risk

26 Introduction to the Risk Section

27 Heat, Light, and Downside Risk

SECTION 3.4 Portfolio Construction

28 Introduction to the Portfolio Construction Section

29 Optimal Gearing

30 The Dangers of Diversification

31 The Surprisingly Small Impact of Asset Growth on Expected Alpha

32 Mean-Variance and Scenario-Based Approaches to Portfolio Selection

33 Five Myths About Fees

SECTION 4: Extras

34 Introduction to the Extras Section

35 Presentations upon Receiving the James R. Vertin Award

36 What Investors Can Learn from a Very Alternative Market

37 UCLA Master of Financial Engineering Commencement Address

SECTION 5: Conclusion

38 Advances in Active Portfolio Management Conclusions

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