To understand active stock portfolio management, it helps to compare this investment method with another style known as passive investing. New developments in quantitative investing edition 1. Think about it this way, you have two very educated traders on both sides of. As the title suggests, this book is really pioneering. Active management also called active investing refers to a portfolio management strategy where the manager makes specific investments with the goal of outperforming an investment benchmark index. The assets under his management had grown more than tenfold by the time the firm was sold in 1967 and he resigned in 1973 to launch peter l. Active portfolio management was groundbreaking when it was first published in 1994. A quantitative approach for producing superior returns and controlling risk. Quantitative equity portfolio management is a comprehensive guide to the entire process of constructing and managing a highyield quantitative equity portfolio. This new edition of active portfolio management continues the standard of excellence established in the first edition, with new and clear insights to help investment professionals. Active portfolio management a quantitative approach for producing superior returns and selecting superior returns and controlling risk by richard c. Beyond smart beta is the investors complete guide to index investing, with deep analysis, expert clarification and smart strategies for. Professional acclaim for active portfolio management, 2nd edition.
Filled with indepth insights and expert advice, active credit portfolio management in practice serves as a comprehensive introduction to both the theory and realworld practice of credit. Discover the best investment portfolio management in best sellers. Both fundamental and quantitative investment managers will. A quantitative approach for producing superior returns and controlling risk 2nd edition 9780070248823 by richard c. Active portfolio management offers investors an opportunity to better understand the balance between manager skill and portfolio risk. A quantitative approach for producing superior returns and selecting superior returns and controlling risk mcgrawhill library of investment and finance kindle edition by grinold, richard c.
Passive management will beat active management as long as there are enough active managers to establish a market price. Thriftbooks sells millions of used books at the lowest everyday prices. Kahn mcgrawhill for those willing to work through the math and applied exercises, we consider this to be the best book on quantitative portfolio management out there. A quantitative approach for producing superior returns and selecting superior returns and controlling risk mcgrawhill library of investment and finance richard c. Usually active management is performed against a benchmark, requiring intended over underweights of positions. Five myths of active portfolio management stanford. Active management means allocation of resources based on an active strategy. Weighing the pros and cons of active portfolio management. Find the top 100 most popular items in amazon books best sellers. This new edition of active portfolio management continues the standard of excellence established in the first edition, with.
Buy a cheap copy of active portfolio management business. Active portfolio management was groundbreaking when it was first published in 1994 as instead it was devoted to the practical process of generating alpha from a quantative angle. Funds are streaming into passively managed funds, but some financial advisors still make the case for active portfolio management. In an active portfolio, a fund manager buys and sells. Chapter 10 active portfolio management to whom men commit much, of him, they will demand the more.
Top 20 best asset allocation and portfolio management books. Active credit portfolio management in practice wiley. This top portfolio management book is a great account on. Active portfolio management, second edition, remains a readable yet theoretically and mathematically rigorous book that one would expect from two such distinguished authors. Top 10 best portfolio management books wallstreet mojo. The birth of modern portfolio theory 15 active management strikes back 25 the evolution of investing 33 appendix 33 bibliography 34 4. Blending the most profitable aspects of analytical and quantitative. Jacqu again, john hull has done a great job revising and updating this bestselling book.
Quantitative theory and applications hardcover january 1, 1995 by richard c. I heartily recommend this book to any practitioner who wants to refine his or her knowledge of stateoftheart quantitative money management or who would like a straightforward reference to quickly answer those thorny theoretical questions that hit us now and again. Active portfolio management and portfolio construction implementing an investment strategy 5 important reasons are the changing market behavior, and the advances in market research which will. Building and then managing a large property portfolio provides a unique set of challenges and risks. Active equity portfolio management provides an overview of the philosophies, methodologies, and strategies involved in attempting to beat the market. Grossman and stiglitz 1980 derive an informationinefficient capital market equilibrium based on the cost of informa tion and the fact that portfolio managers cannot. Active portfolio management performance property advisory. Remole, managing director, head of global structured equity, credit suisse asset management. Active portfolio management is a unique reference for understanding the source of valueadded by a money manager. Beyond smart beta is the investors complete guide to index investing, with deep analysis, expert clarification and smart. In my work at morgan stanley wealth management, i spend a lot of time thinking about how to construct investment portfoliosand these days, a big part of that conversation centers on the.
361 836 627 331 1246 215 885 140 398 833 398 629 1112 1039 144 1224 432 499 148 790 1015 417 952 1440 1238 1237 712 235 454