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Author: Pascal Blanqué
Publisher:
ISBN: 9782717867008
Category : Investments
Languages : en
Pages : 264
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Book Description
Author: Söhnke M. Bartram
Publisher: CFA Institute Research Foundation
ISBN: 195292703X
Category : Business & Economics
Languages : en
Pages : 95
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Book Description
Artificial intelligence (AI) has grown in presence in asset management and has revolutionized the sector in many ways. It has improved portfolio management, trading, and risk management practices by increasing efficiency, accuracy, and compliance. In particular, AI techniques help construct portfolios based on more accurate risk and return forecasts and more complex constraints. Trading algorithms use AI to devise novel trading signals and execute trades with lower transaction costs. AI also improves risk modeling and forecasting by generating insights from new data sources. Finally, robo-advisors owe a large part of their success to AI techniques. Yet the use of AI can also create new risks and challenges, such as those resulting from model opacity, complexity, and reliance on data integrity.
Author: H. Kent Baker
Publisher: Oxford University Press
ISBN: 019931151X
Category : Business & Economics
Languages : en
Pages : 816
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Book Description
Portfolio management is an ongoing process of constructing portfolios that balances an investor's objectives with the portfolio manager's expectations about the future. This dynamic process provides the payoff for investors. Portfolio management evaluates individual assets or investments by their contribution to the risk and return of an investor's portfolio rather than in isolation. This is called the portfolio perspective. Thus, by constructing a diversified portfolio, a portfolio manager can reduce risk for a given level of expected return, compared to investing in an individual asset or security. According to modern portfolio theory (MPT), investors who do not follow a portfolio perspective bear risk that is not rewarded with greater expected return. Portfolio diversification works best when financial markets are operating normally compared to periods of market turmoil such as the 2007-2008 financial crisis. During periods of turmoil, correlations tend to increase thus reducing the benefits of diversification. Portfolio management today emerges as a dynamic process, which continues to evolve at a rapid pace. The purpose of Portfolio Theory and Management is to take readers from the foundations of portfolio management with the contributions of financial pioneers up to the latest trends emerging within the context of special topics. The book includes discussions of portfolio theory and management both before and after the 2007-2008 financial crisis. This volume provides a critical reflection of what worked and what did not work viewed from the perspective of the recent financial crisis. Further, the book is not restricted to the U.S. market but takes a more global focus by highlighting cross-country differences and practices. This 30-chapter book consists of seven sections. These chapters are: (1) portfolio theory and asset pricing, (2) the investment policy statement and fiduciary duties, (3) asset allocation and portfolio construction, (4) risk management, (V) portfolio execution, monitoring, and rebalancing, (6) evaluating and reporting portfolio performance, and (7) special topics.
Author: Pascal Blanqué
Publisher:
ISBN: 9782717867008
Category : Investments
Languages : en
Pages : 264
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Book Description
Author: Frank K. Reilly
Publisher: 中信出版社
ISBN: 9787800735042
Category : Business enterprises
Languages : en
Pages : 1284
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Book Description
本书向您介绍了投资分析与组合管理。
Author: CFA Institute
Publisher: John Wiley & Sons
ISBN: 1119743710
Category : Business & Economics
Languages : en
Pages : 1328
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Book Description
Portfolio Management in Practice, Volume 1: Investment Management delivers a comprehensive overview of investment management for students and industry professionals. As the first volume in the CFA Institute’s new Portfolio Management in Practice series, Investment Management offers professionals looking to enhance their skillsets and students building foundational knowledge an essential understanding of key investment management concepts. Designed to be an accessible resource for a wide range of learners, this volume explores the full portfolio management process. Inside, readers will find detailed coverage of: Forming capital market expectations Principles of the asset allocation process Determining investment strategies within each asset class Integrating considerations specific to high net worth individuals or institutions into chosen strategies And more To apply the concepts outlined in the Investment Management volume, explore the accompanying Portfolio Management in Practice, Volume 1: Investment Management Workbook. The perfect companion resource, this workbook aligns chapter-by-chapter with Investment Management for easy referencing so readers can draw connections between theoretical content and challenging practice problems. Featuring contributions from the CFA Institute’s subject matter experts, Portfolio Management in Practice, Volume 1: Investment Management distills the knowledge forward-thinking professionals will need to succeed in today’s fast-paced financial world.
Author: Robert L. Hagin
Publisher: John Wiley & Sons
ISBN: 0471483818
Category : Business & Economics
Languages : en
Pages : 322
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Book Description
A new look at the important issue of investment management in the 21st century Written for professional and private investors-as well as fiduciaries who rely on investment professionals-this book presents the content of an advanced investment-management course in an easy-to-read, question-and-answer format. Robert L. Hagin (Haverford, PA) is a 30-year investment management veteran who recently retired as Executive Director for Morgan Stanley Investment Management.
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Author: Jiaping Qiu
Publisher: National Library of Canada = Bibliothèque nationale du Canada
ISBN: 9780612847200
Category :
Languages : en
Pages : 254
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Book Description
Author: John L. Maginn
Publisher: John Wiley & Sons
ISBN: 0470080140
Category : Business & Economics
Languages : en
Pages : 960
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Book Description
"A rare blend of a well-organized, comprehensive guide to portfolio management and a deep, cutting-edge treatment of the key topics by distinguished authors who have all practiced what they preach. The subtitle, A Dynamic Process, points to the fresh, modern ideas that sparkle throughout this new edition. Just reading Peter Bernstein's thoughtful Foreword can move you forward in your thinking about this critical subject." —Martin L. Leibowitz, Morgan Stanley "Managing Investment Portfolios remains the definitive volume in explaining investment management as a process, providing organization and structure to a complex, multipart set of concepts and procedures. Anyone involved in the management of portfolios will benefit from a careful reading of this new edition." —Charles P. Jones, CFA, Edwin Gill Professor of Finance, College of Management, North Carolina State University
Author: John Bonner
Publisher: Harriman House Limited
ISBN: 0857194836
Category : Business & Economics
Languages : en
Pages : 168
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Book Description
Investing can seem simple, but there are an infinite number of ways to get to your goals and an infinite number of ways to fail. To sharpen your investment skills, this book guides you through the key aspects of the fund management profession, working from a macro-industry overview to the micro details of security-valuation techniques, combining the benefits of academic experience with decades of industry experience. This is something also found in the complementary online Market-Class investment simulator, where you can manage a $100m fund in a dynamic market and your decisions and those of fellow fund managers 'make the market'. A smart investor doesn't rely on luck or guts, but on learning as much as possible to make the best decisions. Portfolio Management and Market-Class, with their uniquely rich insight into the real-life workflow of portfolio management, are a vital component in any investor's education.
Author: Walter J. Reinhart
Publisher: Createspace Independent Pub
ISBN: 9781463742652
Category : Education
Languages : en
Pages : 304
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Book Description
Portfolio Management: Theory, Behavioral Aspects and Application covers behavioral aspects of investing, investment strategies including buy and sell disciplines, technical analysis, plus the more standard textbook topics of systematic portfolio management, portfolio construction and analysis, security valuation and risk analysis, asset class management, portfolio applications, derivative valuation and portfolio evaluation. The behavioral topics range from psychological factors to "deadly sins" of financial decision making. As part of the behavioral aspects a brief overview of technical analysis is presented. The first two chapters set the stage for portfolio management by presenting systematic portfolio management and behavioral aspects. These chapters help lay out the environment in which investors and portfolio managers operate. The next three chapters present modern portfolio theory, capital market theory including the capital asset pricing model, and arbitrage pricing theory. We then move into valuation of two primary asset classes, debt instruments and equity. This valuation portion assumes the reader has successfully completed an investments course, and because the material covered varies between courses it is in placed in the text for review so students have a common base to work from. Next we turn our attention to strategies and managing portfolios for several chapters. Disciplined stock selection and tactics are presented in Chapter 9, while the most important decisions relating to portfolio management, namely asset allocation, is discussed in Chapter 10. Styles and strategies, and global investing are then presented in the next two chapters respectively. Chapter 13 presents strategies for managing bond portfolios. Our attention turns to derivative securities in Chapters 14 and 15. The book concludes with a critical element of portfolio management, namely evaluation of performance. The main body of the book is divided into sections and contains the chapter material in an outline form with essays to expand on the material. For the more advanced reader the outline will provide a synopsis and allow the reader to decide if they need to refresh their knowledge or if they need to expand their knowledge by reading the essay portions. For the less advanced reader the outline provides a summary of the material and the essay portions fill in the details for a fuller understanding of the topics presented. Each section has a brief overview of the material contained in the section. For each chapter thought questions and, if applicable, old CFA questions are provided for student learning. Additionally, multiple choice questions are presented at the end of the chapters so students can check their understanding of basic topics. Answers to the multi-guess questions are provided in Appendix A. The CFA material is reprinted with the kind permission of the CFA Institute (formally the Association for Investment Management and Research) Charlottesville, VA. All rights reserved. Some of the CFA questions cover material not directly covered in the book, hence the student needs to expand their learning experience and explore the Internet or think and realize it is an extension of what is covered in the text. In fact, the student is strongly encouraged to explore the Internet to further enhance the chapter material. If you are interested in adopting this book for your portfolio management or investments course (it has been used in both) please contact: Dr. Walter J. Reinhart Loyola University Graduate Center 2034 Greenspring Drive Timonium, MD 21093 TEL: 410.617.1555 for a complimentary copy. When you adopt the book, suggested answers to the end of chapter questions and problems will be provided. However, please note the text does NOT provide detailed mathematical examples, instead the book is designed to allow the professor of the course to go into the quantitative details suited to their students.
