Portfolio Theory and Management Book

Portfolio Theory and Management

  • Author : H. Kent Baker
  • Publisher : Oxford University Press
  • Release Date : 2013-03-07
  • Genre: Business & Economics
  • Pages : 767
  • ISBN 10 : 9780199829699

Portfolio Theory and Management Excerpt :

Portfolio Theory and Management examines the foundations of portfolio management with the contributions of financial pioneers up to the latest trends. The book discusses portfolio theory and management both before and after the 2007-2008 financial crisis. It takes a global focus by highlighting cross-country differences and practices.

Portfolio Management Book

Portfolio Management

  • Author : Scott D. Stewart
  • Publisher : John Wiley & Sons
  • Release Date : 2019-03-19
  • Genre: Business & Economics
  • Pages : 720
  • ISBN 10 : 9781119397434

Portfolio Management Excerpt :

A career’s worth of portfolio management knowledge in one thorough, efficient guide Portfolio Management is an authoritative guide for those who wish to manage money professionally. This invaluable resource presents effective portfolio management practices supported by their underlying theory, providing the tools and instruction required to meet investor objectives and deliver superior performance. Highlighting a practitioner’s view of portfolio management, this guide offers real-world perspective on investment processes, portfolio decision making, and the business of managing money for real clients. Real world examples and detailed test cases—supported by sophisticated Excel templates and true client situations—illustrate real investment scenarios and provide insight into the factors separating success from failure. The book is an ideal textbook for courses in advanced investments, portfolio management or applied capital markets finance. It is also a useful tool for practitioners who seek hands-on learning of advanced portfolio techniques. Managing other people’s money is a challenging and ever-evolving business. Investment professionals must keep pace with the current market environment to effectively manage their client’s assets while students require a foundation built on the most relevant, up-to-date information and techniques. This invaluable resource allows readers to: Learn and apply advanced multi-period portfolio methods to all major asset classes. Design, test, and implement investment processes. Win and keep client mandates. Grasp the theoretical foundations of major investment tools Teaching and learning aids include: Easy-to-use Excel templates with immediately accessible tools. Accessible PowerPoint slides, sample exam and quiz questions and sample syllabi Video lectures Proliferation of mathematics in economics, growing sophistication of investors, and rising competition in the industry requires advanced training of investment professiona

Portfolio Theory and Risk Management Book

Portfolio Theory and Risk Management

  • Author : Maciej J. Capiński
  • Publisher : Cambridge University Press
  • Release Date : 2014-08-07
  • Genre: Business & Economics
  • Pages : 172
  • ISBN 10 : 9781107003675

Portfolio Theory and Risk Management Excerpt :

A rigorous account of classical portfolio theory and a simple introduction to modern risk measures and their limitations.

Investment Analysis Book

Investment Analysis

  • Author : Mike Dempsey
  • Publisher : Routledge
  • Release Date : 2019-10-18
  • Genre: Business & Economics
  • Pages : 376
  • ISBN 10 : 9780429754876

Investment Analysis Excerpt :

This textbook is designed as a core text for finance courses that cover market investments, portfolio formation, and the management of investment portfolios. As such, the text seeks to convey insight and actual wisdom as to the nature of these activities. When combined with a commitment to thinking independently, the text offers the student a rigorous preparation for entry to the funds management industry. The text is presented in three parts. In Part A, the text introduces the fundamental techniques of investment analysis: a "bottom-up" and "top-down" analysis of the firm aimed at an evaluation of the underlying share as a "buy", "hold", or a "sell" recommendation. Part B offers the reader an intuitive grasp of the nature of investment growth, both across time and across assets. Part C introduces the reader to the technicalities of portfolio construction and portfolio management. The text concludes with an assessment of the funds management industry. The text builds in step-by-step stages with Illustrative Examples that consolidate the student’s progress and understanding through each chapter. Each of parts A, B, and C (above) has sufficient material to justify a separate course. If the student has exposure to a more foundational course in finance, Parts A and B can be covered as a single course. If from other courses, the student is familiar with the essence of Parts A and B and with statistical concepts, the text can be covered as a single course. The text can therefore be presented readily at either an undergraduate or postgraduate level at a pace appropriate to the student’s prior exposure to the concepts.

Modern Portfolio Management Book

Modern Portfolio Management

  • Author : Todd E. Petzel
  • Publisher : John Wiley & Sons
  • Release Date : 2021-09-28
  • Genre: Business & Economics
  • Pages : 656
  • ISBN 10 : 9781119818502

Modern Portfolio Management Excerpt :

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.

Dynamic Portfolio Theory and Management Book

Dynamic Portfolio Theory and Management

  • Author : Richard E. Oberuc
  • Publisher : McGraw Hill Professional
  • Release Date : 2004
  • Genre: Business & Economics
  • Pages : 323
  • ISBN 10 : 0071426698

Dynamic Portfolio Theory and Management Excerpt :

An exciting new model for improved asset allocation accuracy in every market environment Modern Portfolio Theory (MPT) and asset allocation are the foundations on which most institutional investors base their decisions. But many aspects of MPT weren't designed for today's fast-changing markets. Dynamic Portfolio Theory and Management introduces a time-adaptive procedure that addresses this issue and simplifies the decision-making process. While asset allocation programs must adapt themselves to changing market conditions to succeed, how to accomplish that has been another matter. This book reveals a new model that: Helps investors change allocations based on economic factors Optimizes multi-time periods into a single future time period Assists forecasting of stock prices, bond prices, and interest rates

Moving Beyond Modern Portfolio Theory Book

Moving Beyond Modern Portfolio Theory

  • Author : Jon Lukomnik
  • Publisher : Routledge
  • Release Date : 2021-05-03
  • Genre: Business & Economics
  • Pages : 144
  • ISBN 10 : 9781000376159

Moving Beyond Modern Portfolio Theory Excerpt :

Moving Beyond Modern Portfolio Theory: Investing That Matters tells the story of how Modern Portfolio Theory (MPT) revolutionized the investing world and the real economy, but is now showing its age. MPT has no mechanism to understand its impacts on the environmental, social and financial systems, nor any tools for investors to mitigate the havoc that systemic risks can wreck on their portfolios. It’s time for MPT to evolve. The authors propose a new imperative to improve finance’s ability to fulfil its twin main purposes: providing adequate returns to individuals and directing capital to where it is needed in the economy. They show how some of the largest investors in the world focus not on picking stocks, but on mitigating systemic risks, such as climate change and a lack of gender diversity, so as to improve the risk/return of the market as a whole, despite current theory saying that should be impossible. "Moving beyond MPT" recognizes the complex relations between investing and the systems on which capital markets rely, "Investing that matters" embraces MPT’s focus on diversification and risk adjusted return, but understands them in the context of the real economy and the total return needs of investors. Whether an investor, an MBA student, a Finance Professor or a sustainability professional, Moving Beyond Modern Portfolio Theory: Investing That Matters is thought-provoking and relevant. Its bold critique shows how the real world already is moving beyond investing orthodoxy.

The Theory and Practice of Investment Management Book

The Theory and Practice of Investment Management

  • Author : Frank J. Fabozzi
  • Publisher : John Wiley & Sons
  • Release Date : 2011-04-18
  • Genre: Business & Economics
  • Pages : 704
  • ISBN 10 : 9781118067567

The Theory and Practice of Investment Management Excerpt :

An updated guide to the theory and practice of investment management Many books focus on the theory of investment management and leave the details of the implementation of the theory up to you. This book illustrates how theory is applied in practice while stressing the importance of the portfolio construction process. The Second Edition of The Theory and Practice of Investment Management is the ultimate guide to understanding the various aspects of investment management and investment vehicles. Tying together theoretical advances in investment management with actual practical applications, this book gives you a unique opportunity to use proven investment management techniques to protect and grow a portfolio under many different circumstances. Contains new material on the latest tools and strategies for both equity and fixed income portfolio management Includes key take-aways as well as study questions at the conclusion of each chapter A timely updated guide to an important topic in today's investment world This comprehensive investment management resource combines real-world financial knowledge with investment management theory to provide you with the practical guidance needed to succeed within the investment management arena.

Modern Portfolio Theory and Investment Analysis Book
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Modern Portfolio Theory and Investment Analysis

  • Author : Edwin J. Elton
  • Publisher : John Wiley & Sons
  • Release Date : 2009-11-16
  • Genre: Business & Economics
  • Pages : 752
  • ISBN 10 : 9780470388327

Modern Portfolio Theory and Investment Analysis Excerpt :

An update of a classic book in the field, Modern Portfolio Theory examines the characteristics and analysis of individual securities as well as the theory and practice of optimally combining securities into portfolios. It stresses the economic intuition behind the subject matter while presenting advanced concepts of investment analysis and portfolio management. Readers will also discover the strengths and weaknesses of modern portfolio theory as well as the latest breakthroughs.

Modern Portfolio Theory Book

Modern Portfolio Theory

  • Author : Andrew Rudd
  • Publisher : Probus Publishing Company
  • Release Date : 1988
  • Genre: Business & Economics
  • Pages : 525
  • ISBN 10 : UCSD:31822003812542

Modern Portfolio Theory Excerpt :

Project Portfolio Management in Theory and Practice Book

Project Portfolio Management in Theory and Practice

  • Author : Jamal Moustafaev
  • Publisher : CRC Press
  • Release Date : 2016-10-04
  • Genre: Business & Economics
  • Pages : 292
  • ISBN 10 : 9781315350097

Project Portfolio Management in Theory and Practice Excerpt :

Every CEO in the world, if questioned, will always complain that there are a lot of ideas to implement, but, unfortunately, insufficient resources to accomplish them. This book provides a solution to this dilemma by supplying techniques to assess the value of projects, prioritize projects, and decide which projects to implement and which to postpone. In addition, it describes various methods of balancing project portfolios and different strategic alignment models. The book provides thirty real-life project portfolio management case studies from pharmaceutical, product development, financial, energy, telecommunications, not-for-profit and professional services industries.

Behavioral Investment Management  An Efficient Alternative to Modern Portfolio Theory Book

Behavioral Investment Management An Efficient Alternative to Modern Portfolio Theory

  • Author : Greg B. Davies
  • Publisher : McGraw Hill Professional
  • Release Date : 2012-01-12
  • Genre: Business & Economics
  • Pages : 400
  • ISBN 10 : 9780071748353

Behavioral Investment Management An Efficient Alternative to Modern Portfolio Theory Excerpt :

The End of Modern Portfolio Theory Behavioral Investment Management proves what many have been thinking since the global economic downturn: Modern Portfolio Theory (MPT) is no longer a viable portfolio management strategy. Inherently flawed and based largely on ideology, MPT can not be relied upon in modern markets. Behavioral Investment Management offers a new approach-one addresses certain realities that MPT ignores, including the fact that emotions play a major role in investing. The authors lay out new standards reflecting behavioral finance and dynamic asset allocation, then explain how to apply these standards to your current portfolio construction efforts. They explain how to move away from the idealized, black-and-white world of MPT and into the real world of investing--placing heavy emphasis on the importance of mastering emotions. Behavioral Investment Management provides a portfolio-management standard for an investing world in disarray. PART 1- The Current Paradigm: MPT (Modern Portfolio Theory); Chapter 1: Modern Portfolio Theory as it Stands; Chapter 2: Challenges to MPT: Theoretical-the assumptions are not thus; Chapter 3: Challenges to MPT: Empirical-the world is not thus; Chapter 4: Challenges to MPT: Behavioural-people are not thus; Chapter 5: Describing the Overall Framework: Investors and Investments; PART 2- Amending MPT: Getting to BMPT; Chapter 1:Investors-The Rational Investor; Chapter 2: Investments-Extracting Value from the long-term; Chapter 3: Investments-Extracting Value from the short-term; Chapter 4: bringing it together, the new BMPT paradigm; PART 3- Emotional Insurance: Sticking with the Journey; Chapter 1: Investors- the emotional investor; Chapter 2: Investments- Constraining the rational portfolio; PART 4- Practical Implications; Chapter 1: The BMPT and Wealth Management; Chapter 2: The BMPT and the Pension Industry; Chapter 3: The BMPT and Asset Managemen

Advanced Portfolio Management Book

Advanced Portfolio Management

  • Author : Giuseppe A. Paleologo
  • Publisher : John Wiley & Sons
  • Release Date : 2021-08-03
  • Genre: Business & Economics
  • Pages : 208
  • ISBN 10 : 9781119789802

Advanced Portfolio Management Excerpt :

You have great investment ideas. If you turn them into highly profitable portfolios, this book is for you. Advanced Portfolio Management: A Quant’s Guide for Fundamental Investors is for fundamental equity analysts and portfolio managers, present, and future. Whatever stage you are at in your career, you have valuable investment ideas but always need knowledge to turn them into money. This book will introduce you to a framework for portfolio construction and risk management that is grounded in sound theory and tested by successful fundamental portfolio managers. The emphasis is on theory relevant to fundamental portfolio managers that works in practice, enabling you to convert ideas into a strategy portfolio that is both profitable and resilient. Intuition always comes first, and this book helps to lay out simple but effective "rules of thumb" that require little effort to implement and understand. At the same time, the book shows how to implement sophisticated techniques in order to meet the challenges a successful investor faces as his or her strategy grows in size and complexity. Advanced Portfolio Management also contains more advanced material and a quantitative appendix, which benefit quantitative researchers who are members of fundamental teams. You will learn how to: Separate stock-specific return drivers from the investment environment’s return drivers Understand current investment themes Size your cash positions based on Your investment ideas Understand your performance Measure and decompose risk Hedge the risk you don’t want Use diversification to your advantage Manage losses and control tail risk Set your leverage Author Giuseppe A. Paleologo has consulted, collaborated, taught, and drank strong wine with some of the best stock-pickers in the world; he has traded tens of billions of dollars hedging and optimizing their books and has helped them navigate through big drawdowns and even bigger recoveries. Whether or not you have access to risk models

Portfolio Theory and Investment Management Book

Portfolio Theory and Investment Management

  • Author : Richard Dobbins
  • Publisher : Wiley-Blackwell
  • Release Date : 1994-01-06
  • Genre: Business & Economics
  • Pages : 192
  • ISBN 10 : 0631191828

Portfolio Theory and Investment Management Excerpt :

The second edition of this widely acclaimed introductory text has been fully revised to provide a concise summary of modern portfolio theory.

Modern Portfolio Theory Book

Modern Portfolio Theory

  • Author : Jack Clark Francis
  • Publisher : John Wiley & Sons
  • Release Date : 2013-01-18
  • Genre: Business & Economics
  • Pages : 576
  • ISBN 10 : 9781118417201

Modern Portfolio Theory Excerpt :

A through guide covering Modern Portfolio Theory as well as the recent developments surrounding it Modern portfolio theory (MPT), which originated with Harry Markowitz's seminal paper "Portfolio Selection" in 1952, has stood the test of time and continues to be the intellectual foundation for real-world portfolio management. This book presents a comprehensive picture of MPT in a manner that can be effectively used by financial practitioners and understood by students. Modern Portfolio Theory provides a summary of the important findings from all of the financial research done since MPT was created and presents all the MPT formulas and models using one consistent set of mathematical symbols. Opening with an informative introduction to the concepts of probability and utility theory, it quickly moves on to discuss Markowitz's seminal work on the topic with a thorough explanation of the underlying mathematics. Analyzes portfolios of all sizes and types, shows how the advanced findings and formulas are derived, and offers a concise and comprehensive review of MPT literature Addresses logical extensions to Markowitz's work, including the Capital Asset Pricing Model, Arbitrage Pricing Theory, portfolio ranking models, and performance attribution Considers stock market developments like decimalization, high frequency trading, and algorithmic trading, and reveals how they align with MPT Companion Website contains Excel spreadsheets that allow you to compute and graph Markowitz efficient frontiers with riskless and risky assets If you want to gain a complete understanding of modern portfolio theory this is the book you need to read.