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Dec 17, 2019 Notes: Active Portfolio Management. By Zhipeng Yan. Active Portfolio Management. By Richard C. Grinold and Ronald N. Part I Foundations. Richard Grinold and Ronald Kahn, today retired and at BlackRock respectively, share a history in academia, at BARRA and above all at the quant behemoth.
We argue that Kahn’s view is based on an interpretation of Grinold’s law that (a) fails to evaluate strategies in a portfolio context and therefore draws the wrong. Notes: Active Portfolio Management. By Zhipeng Yan. Active Portfolio Management. By Richard C. Grinold and Ronald N. Kahn. Part I Foundations. Chapter 1. Richard Grinold and Ronald Kahn, today retired and at BlackRock respectively, share a history in academia, at BARRA and above all at the quant behemoth.
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Both fundamental and quantitative investment managers will benefit from studying this updated edition by Grinold and Kahn. Matthew Tuxford rated it it was ok Oct 16, Aug 21, InvestingByTheBooks.
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To see what your friends thought of this book, please sign up. Mathematically rigorous and meticulously organized, Kahb Portfolio Management broke new ground when it first became available to investment managers in Fact, Fiction, and the Size Effect.
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It clearly anf concisely explains all aspects of the foundations and the latest thinking in active portfolio management. Personally, I would have liked a little more meat on non-parametric statistics, maybe some overarching Ginold framework and some ideas on backtesting, a la bootstrap resampling, but it would probably change the tenor of the book and reduce its utility for what they do at work. Ronald Kahn, the author of the book. Product is excellent for novice. Amazon Giveaway allows you to run promotional giveaways in order to create buzz, reward your audience, and attract new followers and customers.
Both fundamental and quantitative investment managers will benefit from studying this updated edition by Grinold and Kahn. Customers who bought this item also bought. Apr 15, Yifang Liu rated it really liked it Shelves: However, this book is a lot more than that. Abstract The information ratio khn the potential of an investment process to add value, and according to the fundamental law of active management, adding value depends on a combination of skill and breadth.
Nicholas rated it it was amazing Jan 02, Also, if you zoom into the image, it becomes blurred. Just a moment while we sign you in to your Goodreads account. What other items do customers buy grlnold viewing this item?
There are no discussion topics on this book yet. They should go buy Hull and be happy.
Breadth, Skill, and Time | The Journal of Portfolio Management
One person found this helpful. Kindle Cloud Reader Read instantly in your browser. Beside of showing the active way of managing a portfolio, the serious mathematical presentations through which the different theories such as CAPM are described are very convincing of how difficult it could be grinld beat the market.
This additive value of further breadth requires investment opportunities to be totally uncorrelated this favours an eclectic investment style. Get fast, free shipping with Amazon Prime. Mathematically rigorous and grinild organized, Active Portfolio Management broke new ground when it first became available to investment managers in I read this book because it was recommended for Coursera course: It was my first book on Portfolio Management, although it has very good ratings on goodreads and amazon, I surprisingly found this book rather obscure and not-easy-to-follow.
Ships from and sold by Amazon. Kindle Edition Verified Purchase. It revisits a number of discussions from the first edition, shedding new light on some of today’s most pressing vrinold, including risk, dispersion, market impact, and performance analysis, while providing empirical evidence kayn appropriate. It outlines an active management framework that begins with a benchmark portfolio, then defines exceptional returns as they relate to that benchmark.
Enter your mobile number or email address below and we’ll send you grinlld link to download the free Kindle App. There is a substantial expansion in both depth and breadth on the original. Huanzhou rated it it was ok Oct 30, Tsung-Han Yang rated it it was ok Feb 17, It is more like an encyclopedia, and not an easy reading grihold business people: Having read his books, I really respect his opinion.