Efficient Asset Management:: A Practical Guide to Stock Portfolio Optimization and Asset Allocation - Rilegato

Richard O. Michaud

 
9780875847436: Efficient Asset Management:: A Practical Guide to Stock Portfolio Optimization and Asset Allocation

Sinossi

This book describes the problems of mean-variance optimization as a practical tool of institutional asset management. It reviews various proposed alternatives to mean-variance optimization and describes their limitations. The goal is to define an optimization process that validly reflects investment insights while maintaining the rigor, informational breadth, and convenience that mean-variance optimization provides.

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Informazioni sull?autore


Richard Michaud is a senior vice president of Acadian Asset Management in Boston, a director of the Institute for Quantitative Research in Finance, and an editorial board member of the Financial Analysts Journal.

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