Notes: Active Portfolio Management. By Zhipeng Yan. Active Portfolio Management. By Richard C. Grinold and Ronald N. Kahn. Part I Foundations. By RICHARD C. GRINOLD and RONALD N. KAHN. Chicago and Cambridge, Probus Publishing, Pp. vii + Active Portfolio Management by Richard. Both fundamental and quantitative investment managers will benefit from studying this updated edition by Grinold and Kahn.” -Scott Stewart, Portfolio Manager.
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Thomas Johnson rated it it was ok Nov 27, Add both to Cart Add both to List. These items are shipped from and sold by different sellers. The book certainly covers some of the details and models used in money management tasks. The result is an updated, comprehensive set of strategic concepts and rules of thumb for guiding the process of-and increasing the profits from-active investment management. He is on the editorial advisory board of the Journal of Portfolio Management and the Journal of Investment Consulting.
Dec 01, Shauntelle James rated it it was amazing. Advances in Financial Machine Learning.
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Do be prepared for a lot of linear algebra and calculus and probability theory, though. By outlining an innovative process to uncover raw signals of asset returns, develop them into refined forecasts, then use those forecasts to construct portfolios of exceptional return and minimal risk, i. English Choose a language for shopping.
What I find most remarkable about the book is how it rewards upon rereadings. The rest of the book seems fine for a quantitative aproach active portfolio management book. There is a substantial expansion in both depth and pottfolio on the original. A Dynamic Process John L. Mathematically rigorous and meticulously organized, Active Portfolio Management broke new ground when it first became available to investment managers in I read this book because it was recommended for Coursera course: Active Portfolio Management is an outstanding manage,ent on the methods and techniques of measuring qctive and risk control that is both rigorous and understandable.
I learned mostly about the underside of the investment process, a issue that I acyive not communicated enough today.
Write a customer review. However, this book is a lot more than that. Both authors have published extensively, and are widely known in the industry for their pioneering work on risk models, portfolio optimization, and trading analysis; equity, fixed income, and international investing; and quantitative approaches to active management.
There is a substantial grinopd in both depth and breadth on the original. Just a moment while we sign you in to your Goodreads account. Limiting yourself to being long only lowers IR. Placing restrictions on the amount of cash in the portfolio lowers IR, so does demanding sector neutrality in an equity portfolio etc.
Active Portfolio Management by Kahn, Richard Grinold; Ronald
Bernhard rated it it was amazing Jun 06, That is what Grinold and Kahn do for a living, and they probably wrote the book to have something to give to dumb pupils who don’t know anything. Please try again later.
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Pinto No preview available – It is more like an encyclopedia, and not an easy reading for business people: Active Portfolio Management, Second Editionnow sets the bar even higher. Oct 21, Victor rated it did not like it Shelves: Customers who bought this item also bought. If a new opportunity is fully correlated to a previous one it adds no Portffolio. My library Help Advanced Book Search.
Active Portfolio Management
Bud rated it really liked it Nov 25, It outlines an active management framework that begins with a benchmark portfolio, then defines exceptional returns as they relate to that benchmark. It clearly and concisely explains all aspects of the foundations and the latest thinking in active portfolio management.
This additive value of further breadth requires investment opportunities to grknold totally uncorrelated this favours an eclectic investment style.