Active Portfolio Management and the Gains from International Portfolio Diversification [microform] PDF Download

Author: Mohiuddin Muhammad Moosa Khan
Publisher: National Library of Canada
ISBN: 9780315307773
Category : Investments
Languages : en
Pages : 466

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Author: Ronald N. Kahn
Publisher: McGraw-Hill Education
ISBN: 9781260453713
Category : Business & Economics
Languages : en
Pages : 656

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Book Description
From the leading authorities in their field—the newest, most effective tools for avoiding common pitfalls while maximizing profits through active portfolio management 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.

Author: William W. Priest
Publisher: John Wiley & Sons
ISBN: 1119051770
Category : Business & Economics
Languages : en
Pages : 334

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Book Description
Winning at Active Management conducts an in-depth examination of crucial issues facing the investment management industry, and will be a valuable resource for asset managers, institutional consultants, managers of pension and endowment funds, and advisers to individual investors. Bill Priest, Steve Bleiberg and Mike Welhoelter all experienced investment professionals, consider the challenges of managing portfolios through complex markets, as well as managing the cultural and technological complexities of the investment business. The book’s initial section highlights the importance of culture within an investment firm – the characteristics of strong cultures, the imperatives of communication and support, and suggestions for leading firms through times of both adversity and prosperity. It continues with a thorough discussion of active portfolio management for equities. The ongoing debate over active versus passive management is reviewed in detail, drawing on both financial theory and real-world investing results. The book also contrasts traditional methods of portfolio management, based on accounting metrics and price-earnings ratios, with Epoch Investment Partners’ philosophy of investing on free cash flow and appropriate capital allocation. Winning at Active Management closes with an inquiry into the crucial and growing role of technology in investing. The authors assert that the most effective portfolio strategies result from neither pure fundamental nor quantitative methods, but instead from thoughtful combinations of analyst and portfolio manager experience and skill with the speed and breadth of quantitative analysis. The authors illustrate the point with an example of an innovative Epoch equity strategy based on economic logic and judgment, but enabled by information technology. Winning at Active Management also offers important insights into selecting active managers – the market cycle factors that have held back many managers’ performance in recent years, and the difficulty of identifying those firms that truly possess investment skill. Drawing on behavioral economic theory and empirical research, the book makes a convincing case that many active investment managers can and do generate returns superior to those of the broad market.

Author: Martin L. Leibowitz
Publisher: John Wiley & Sons
ISBN: 0470484942
Category : Business & Economics
Languages : en
Pages : 504

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Book Description
Active 130/30 Extensions is the newest wave of disciplined investment strategies that involves asymmetric decision-making on long/short portfolio decisions, concentrated investment risk-taking in contrast to diversification, systematic portfolio risk management, and flexibility in portfolio design. This strategy is the building block for a number of 130/30 and 120/20 investment strategies offered to institutional and sophisticated high net worth individual investors who want to manage their portfolios actively and aggressively to outperform the market.

Author: Isabel C. Andrade
Publisher:
ISBN:
Category :
Languages : en
Pages : 17

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Author: G. Gregoriou
Publisher: Springer
ISBN: 0230626505
Category : Business & Economics
Languages : en
Pages : 446

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Book Description
This book addresses the importance of diversification for reducing volatility of investment portfolios. It shows how to improve investment efficiency, and explains how international diversification reduces overall risk while enhancing performance. This book is a crucial tool for any investor looking to improve the profit gain from their investment.

Author: Mark Tapley
Publisher:
ISBN:
Category : Investments, Foreign
Languages : en
Pages : 198

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Book Description

Author: Todd E. Petzel
Publisher: John Wiley & Sons
ISBN: 1119818192
Category : Business & Economics
Languages : en
Pages : 663

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Book Description
Get a practical and thoroughly updated look at investment and portfolio management from an accomplished veteran of the discipline In Modern Portfolio Management: Moving Beyond Modern Portfolio Theory, investment executive and advisor Dr. Todd E. Petzel delivers a grounded and insightful exploration of developments in finance since the advent of Modern Portfolio Theory. You’ll find the tools and concepts you need to evaluate new products and portfolios and identify practical issues in areas like operations, decision-making, and regulation. In this book, you’ll also: Discover why Modern Portfolio Theory is at odds with developments in the field of Behavioral Finance Examine the never-ending argument between passive and active management and learn to set long-term goals and objectives Find investor perspectives on perennial issues like corporate governance, manager turnover, fraud risks, and ESG investing Perfect for institutional and individual investors, investment committee members, and fiduciaries responsible for portfolio construction and oversight, Modern Portfolio Management is also a must-read for fund and portfolio managers who seek to better understand their investors.

Author: Shaun Miskell
Publisher:
ISBN:
Category : Accounting
Languages : en
Pages :

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Author: Jeff Madura
Publisher: Praeger
ISBN: 9781567200324
Category : Institutional investments
Languages : en
Pages : 0

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Book Description
A succinct, readable, easily-accessed discussion of the benefits, risks, and methods of international portfolio management. Madura's book will be of special value to institutional investors, analysts, corporate CFOs and others who want to tap into the potential of offshore securities markets but who may be restrained by fears of running afoul of prudent man legislation. Madura explains methods to reduce such market risks, and how exchange rates are affected by economic conditions and how their movements affect global portfolio returns, not only in industrialized but also in emerging securities markets. With tables and other figures to illustrate his points, Madura's book will provide needed, reassuring guidance for investors seeking portfolio diversification with lessened risk, and with benefits that may be uncommon in domestic markets. Madura first provides an overview of methods to measure the returns and risks of foreign securities, with an explanation of what portfolio risk is and the factors that determine whether a particular portfolio is sufficiently diversified. In his second chapter he describes the methods used by portfolio managers to invest internationally, the choices that are practical and available to them, and the advantages and disadvantages of each method. In Chapter 3, he discusses ways to value foreign stocks and bonds guidelines to help make purchase decisions. His fourth chapter explains how to hedge a portfolio against market risk and introduces derivative securities and their hedging benefits. Chapter 5 explains factors that affect exchange rate movements and Chapter 6 discusses the methods one can use in hedging. In Chapter 7, Madura describes concepts of asset allocation and the role played by derivative securities. Chapter 8 provides background on emerging markets, which portfolio managers often turn to in efforts to achieve extra returns or more effective diversification. Madura wraps it all up with a sensible explanation of how portfolio managers can realistically evaluate their global investment performance.