Advances in Portfolio Construction and Implementation

□ I. THÔNG TIN SẢN PHẨM
□ Mã sản phẩm : STT1703
□ Nhà xuất bản : Butterworth-Heinemann
□ Tác giả : Alan Scowcroft and Stephen Satchell
□ Ngôn ngữ : Tiếng Anh
□ ISBN : 9780080971865
□ Số trang : 384 trang
□ Hình thức : Bìa Mềm, RUỘT IN ĐEN TRẮNG, BÌA IN MẪU LASER GIẤY C300 CÓ CÁN
□ Loại : Sách gia công đóng gáy keo chắc chắn chất lượng cao
□ Giấy in : Giấy ngoại định lượng 70msg, viết vẽ và highlight thoải mái.
□ Chất lượng : Bản in rõ nét, giá rất tốt cho mọi người.

□ II. MÔ TẢ SẢN PHẨM
□ 1.Mô tả sản phẩm đầy đủ
Modern Portfolio Theory (MPT) stands as the cornerstone of contemporary investment strategy, exploring the intricate ways in which risk-averse investors can construct portfolios to optimize the balance between market risk and expected returns. By quantifying the benefits of diversification, MPT provides the essential framework for understanding how systematic risk and reward interact. This conceptual foundation has profoundly influenced the management of institutional portfolios, driving the adoption of passive investment techniques and the widespread application of mathematical models in financial risk management. "Advances in Portfolio Construction and Implementation" serves as a comprehensive bridge between these theoretical underpinnings and the practical challenges faced by today's financial professionals. Edited by industry experts Alan Scowcroft and Stephen Satchell, this volume offers invaluable guidance for risk managers, actuaries, investment managers, and consultants worldwide. Unlike purely academic texts, it focuses on the practical application of cutting-edge research to real-world portfolio problems. The contributors delve into the latest developments in investment portfolio construction, providing a global perspective on financial risk management. Key topics explored include the measurement of portfolio risk, alternatives to traditional mean-variance analysis, and the forecasting of expected returns. The book is organized into specialized chapters that address specific aspects of the investment process, such as tracking errors for arbitrary portfolios, the implementation of active Capital Asset Pricing Models (CAPM), and strategies for enhanced indexation. Furthermore, the text explores sophisticated quantitative methods, such as the use of genetic algorithms for portfolio construction and the stochastic generation of near-uniformly distributed portfolios. Other critical areas covered include portfolio management under tax constraints, modeling directional hedge funds, and the integration of market and credit risk within fixed-income portfolios. By incorporating advanced statistical concepts like skewness and kurtosis into optimization models, the book provides a multidimensional view of the efficient set, making it an essential resource for mastering the complexities of modern asset allocation.

□ 2. Tác giả
Alan Scowcroft is a leading expert in quantitative finance who served as the Managing Director and Global Head of Equities Quantitative Research at UBS Warburg. Since joining the industry in 1984, he has pioneered research in equity style and portfolio analysis. He was educated at Ruskin College, Oxford, and Wolfson College, Cambridge, where he received the Jennings Prize. Stephen Satchell is an Economics Fellow at Trinity College, Cambridge. He is a prolific academic and consultant for major financial institutions, specializing in risk measurement, econometrics, and quantitative investment strategies.