Active Portfolio Management: A Quantitative Approach for Producing Superior Returns and Controlling Risk

 
9780070248823: Active Portfolio Management: A Quantitative Approach for Producing Superior Returns and Controlling Risk

"This new edition of Active Portfolio Management continues the standard of excellence established in the first edition, with new and clear insights to help investment professionals."

-William E. Jacques, Partner and Chief Investment Officer, Martingale Asset Management.

"Active Portfolio Management offers investors an opportunity to better understand the balance between manager skill and portfolio risk. Both fundamental and quantitative investment managers will benefit from studying this updated edition by Grinold and Kahn."

-Scott Stewart, Portfolio Manager, Fidelity Select Equity ® Discipline

Co-Manager, Fidelity Freedom ® Funds.

"This Second edition will not remain on the shelf, but will be continually referenced by both novice and expert. There is a substantial expansion in both depth and breadth on the original. It clearly and concisely explains all aspects of the foundations and the latest thinking in active portfolio management."

-Eric N. Remole, Managing Director, Head of Global Structured Equity, Credit Suisse Asset Management.

Mathematically rigorous and meticulously organized, Active Portfolio Management broke new ground when it first became available to investment managers in 1994. By outlining an innovative process to uncover raw signals of asset returns, develop them into refined forecasts, then use those forecasts to construct portfolios of exceptional return and minimal risk, i.e., portfolios that consistently beat the market, this hallmark book helped thousands of investment managers. Active Portfolio Management, Second Edition, now sets the bar even higher. Like its predecessor, this volume details how to apply economics, econometrics, and operations research to solving practical investment problems, and uncovering superior profit opportunities. It outlines an active management framework that begins with a benchmark portfolio, then defines exceptional returns as they relate to that benchmark. Beyond the comprehensive treatment of the active management process covered previously, this new edition expands to cover asset allocation, long/short investing, information horizons, and other topics relevant today. It revisits a number of discussions from the first edition, shedding new light on some of today's most pressing issues, including risk, dispersion, market impact, and performance analysis, while providing empirical evidence where appropriate. The result is an updated, comprehensive set of strategic concepts and rules of thumb for guiding the process of-and increasing the profits from-active investment management.

"synopsis" may belong to another edition of this title.

From the Back Cover:

An Innovative Approach to Portfolio Management. Blending the Most Profitable Aspects of Analytical and Quantitative.

Professional acclaim for Active Portfolio Management, 2nd edition. "Active Portfolio Management is a unique reference for understanding the source of value-added by a money manager. I am an enthusiastic supporter of the methodology used in the book, and I highly recommend it to both the professional and academic communities."

-Professor William N. Goetzmann, Director, International Center for Finance, Yale University School of Management.

"This edition of Active Portfolio Management continues the standard of excellence established in the first edition, with new and clear insights to help investment professionals."

-William E. Jacques, Partner and Chief Investment Officer, Martingale Asset Management.

"Active Portfolio Management offers investors an opportunity to better understand the balance between manager skill and portfolio risk. Both fundamental and quantitative investment managers will benefit from studying this updated edition by Grinold and Kahn."

-Scott Stewart, Portfolio Manager, Fidelity Select Equity ® Discipline, Co-Manager, Fidelity Freedom ® Funds.

"This second edition will not remain on the shelf, but will be continually referenced by

both novice and expert. There is a substantial expansion in both depth and breadth on the original. It clearly and concisely explains all aspects of the foundations and the latest thinking in active portfolio management."

-Eric N. Remole, Managing Director, Head of Global Structured Equity, Credit Suisse Asset Management.

"Active Portfolio Management, Second Edition, remains a readable yet theoretically and mathematically rigorous book that one would expect from two such distinguished authors. I heartily recommend this book to any practitioner who wants to refine his or her knowledge of state-of-the-art quantitative money management or who would like a straightforward reference to quickly answer those thorny theoretical questions that hit us now and again."

-Michael Even, Managing Director and Chief of Global Quantitative Analysis, Citibank Global Asset Management.

"A more comprehensive examination of quantitative techniques for portfolio management would be hard to find. Active Portfolio Management is an outstanding treatise on the methods and techniques of measuring performance and risk control that is both rigorous and understandable."

-Jon A. Christopherson, Research Fellow, Frank Russell Company.

About the Author:

Richard C. Grinold, Ph.D., is Managing Director, Advanced Strategies and Research at Barclays Global Investors. Dr. Grinold spent 14 years at BARRA, where he served as Director of Research, Executive Vice President, and President; and 20 years on the faculty at the School of Business Administration at the University of California, Berkeley, where he served as the chairman of the finance faculty, chairman of the management science faculty, and director of the Berkeley Program in Finance.

Ronald N. Kahn, Ph.D., is Managing Director in the Advanced Active Strategies Group at Barclays Global Investors. Dr. Kahn spent 11 years at BARRA, including over seven years as Director of Research. He is on the editorial advisory board of the Journal of Portfolio Management and the Journal of Investment Consulting.

Both authors have published extensively, and are widely known in the industry for their pioneering work on risk models, portfolio optimization, and trading analysis; equity, fixed income, and international investing; and quantitative approaches to active management.

"About this title" may belong to another edition of this title.

Top Search Results from the AbeBooks Marketplace

1.

Grinold, Richard
ISBN 10: 0070248826 ISBN 13: 9780070248823
New Hardcover Quantity Available: > 20
Seller
Marlton Books
(Rosenhayn, NJ, U.S.A.)
Rating
[?]

Book Description Hardcover. Book Condition: New. Book is brand new! Fast Shipping - Safe and Secure Bubble Mailer!. Bookseller Inventory # 38V9FZ000BST

More Information About This Seller | Ask Bookseller a Question

Buy New
36.45
Convert Currency

Add to Basket

Shipping: 3.08
Within U.S.A.
Destination, Rates & Speeds

2.

Richard C Grinold
Published by McGraw-Hill Professional 1999-11-01 (1999)
ISBN 10: 0070248826 ISBN 13: 9780070248823
New Hardcover Quantity Available: 5
Seller
Chiron Media
(Wallingford, United Kingdom)
Rating
[?]

Book Description McGraw-Hill Professional 1999-11-01, 1999. Hardback. Book Condition: New. Bookseller Inventory # NU-BER-00008967

More Information About This Seller | Ask Bookseller a Question

Buy New
46.43
Convert Currency

Add to Basket

Shipping: 2.99
From United Kingdom to U.S.A.
Destination, Rates & Speeds

3.

Richard C Grinold, Ronald N Kahn
Published by McGraw-Hill Education 1999-11-01, New York (1999)
ISBN 10: 0070248826 ISBN 13: 9780070248823
New Hardcover Quantity Available: 5
Seller
Blackwell's
(Oxford, OX, United Kingdom)
Rating
[?]

Book Description McGraw-Hill Education 1999-11-01, New York, 1999. hardback. Book Condition: New. Bookseller Inventory # 9780070248823

More Information About This Seller | Ask Bookseller a Question

Buy New
49.24
Convert Currency

Add to Basket

Shipping: 3
From United Kingdom to U.S.A.
Destination, Rates & Speeds

4.

Richard Grinold; Ronald Kahn
Published by McGraw-Hill Education (1999)
ISBN 10: 0070248826 ISBN 13: 9780070248823
New Hardcover Quantity Available: 1
Seller
Irish Booksellers
(Rumford, ME, U.S.A.)
Rating
[?]

Book Description McGraw-Hill Education, 1999. Hardcover. Book Condition: New. book. Bookseller Inventory # 0070248826

More Information About This Seller | Ask Bookseller a Question

Buy New
53.88
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds

5.

Richard C. Grinold, Ronald N. Kahn
Published by McGraw-Hill Education - Europe, United States (1999)
ISBN 10: 0070248826 ISBN 13: 9780070248823
New Hardcover Quantity Available: 1
Seller
The Book Depository
(London, United Kingdom)
Rating
[?]

Book Description McGraw-Hill Education - Europe, United States, 1999. Hardback. Book Condition: New. 2nd Revised edition. Language: English . Brand New Book. This new edition of Active Portfolio Management continues the standard of excellence established in the first edition, with new and clear insights to help investment professionals. -William E. Jacques, Partner and Chief Investment Officer, Martingale Asset Management. Active Portfolio Management offers investors an opportunity to better understand the balance between manager skill and portfolio risk. Both fundamental and quantitative investment managers will benefit from studying this updated edition by Grinold and Kahn. -Scott Stewart, Portfolio Manager, Fidelity Select Equity (R) Discipline Co-Manager, Fidelity Freedom (R) Funds. This Second edition will not remain on the shelf, but will be continually referenced by both novice and expert. There is a substantial expansion in both depth and breadth on the original. It clearly and concisely explains all aspects of the foundations and the latest thinking in active portfolio management. -Eric N. Remole, Managing Director, Head of Global Structured Equity, Credit Suisse Asset Management.Mathematically rigorous and meticulously organized, Active Portfolio Management broke new ground when it first became available to investment managers in 1994. By outlining an innovative process to uncover raw signals of asset returns, develop them into refined forecasts, then use those forecasts to construct portfolios of exceptional return and minimal risk, i.e., portfolios that consistently beat the market, this hallmark book helped thousands of investment managers. Active Portfolio Management, Second Edition, now sets the bar even higher. Like its predecessor, this volume details how to apply economics, econometrics, and operations research to solving practical investment problems, and uncovering superior profit opportunities. It outlines an active management framework that begins with a benchmark portfolio, then defines exceptional returns as they relate to that benchmark. Beyond the comprehensive treatment of the active management process covered previously, this new edition expands to cover asset allocation, long/short investing, information horizons, and other topics relevant today.It revisits a number of discussions from the first edition, shedding new light on some of today s most pressing issues, including risk, dispersion, market impact, and performance analysis, while providing empirical evidence where appropriate. The result is an updated, comprehensive set of strategic concepts and rules of thumb for guiding the process of-and increasing the profits from-active investment management. Bookseller Inventory # AAU9780070248823

More Information About This Seller | Ask Bookseller a Question

Buy New
56.14
Convert Currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, Rates & Speeds

6.

Grinold, Richard C.; Kahn, Ronald N.
Published by McGraw-Hill Education - Europe (1999)
ISBN 10: 0070248826 ISBN 13: 9780070248823
New Hardcover Quantity Available: 8
Rating
[?]

Book Description McGraw-Hill Education - Europe, 1999. Book Condition: New. 1999. 2nd Edition. Hardcover. A proven index-beating approach that covers both the basic principles and foundations, as well as the practical details, of the process of active investment management. Series: McGraw-Hill Library of Investment & Finance. Num Pages: 624 pages, 60 illustrations. BIC Classification: KFFM; KJM. Category: (P) Professional & Vocational. Dimension: 164 x 236 x 40. Weight in Grams: 1006. . . . . . . Bookseller Inventory # V9780070248823

More Information About This Seller | Ask Bookseller a Question

Buy New
56.77
Convert Currency

Add to Basket

Shipping: FREE
From Ireland to U.S.A.
Destination, Rates & Speeds

7.

Richard C. Grinold, Ronald N. Kahn
Published by McGraw-Hill Education - Europe, United States (1999)
ISBN 10: 0070248826 ISBN 13: 9780070248823
New Hardcover Quantity Available: 1
Seller
The Book Depository US
(London, United Kingdom)
Rating
[?]

Book Description McGraw-Hill Education - Europe, United States, 1999. Hardback. Book Condition: New. 2nd Revised edition. Language: English . Brand New Book. This new edition of Active Portfolio Management continues the standard of excellence established in the first edition, with new and clear insights to help investment professionals. -William E. Jacques, Partner and Chief Investment Officer, Martingale Asset Management. Active Portfolio Management offers investors an opportunity to better understand the balance between manager skill and portfolio risk. Both fundamental and quantitative investment managers will benefit from studying this updated edition by Grinold and Kahn. -Scott Stewart, Portfolio Manager, Fidelity Select Equity (R) Discipline Co-Manager, Fidelity Freedom (R) Funds. This Second edition will not remain on the shelf, but will be continually referenced by both novice and expert. There is a substantial expansion in both depth and breadth on the original. It clearly and concisely explains all aspects of the foundations and the latest thinking in active portfolio management. -Eric N. Remole, Managing Director, Head of Global Structured Equity, Credit Suisse Asset Management.Mathematically rigorous and meticulously organized, Active Portfolio Management broke new ground when it first became available to investment managers in 1994. By outlining an innovative process to uncover raw signals of asset returns, develop them into refined forecasts, then use those forecasts to construct portfolios of exceptional return and minimal risk, i.e., portfolios that consistently beat the market, this hallmark book helped thousands of investment managers. Active Portfolio Management, Second Edition, now sets the bar even higher. Like its predecessor, this volume details how to apply economics, econometrics, and operations research to solving practical investment problems, and uncovering superior profit opportunities. It outlines an active management framework that begins with a benchmark portfolio, then defines exceptional returns as they relate to that benchmark. Beyond the comprehensive treatment of the active management process covered previously, this new edition expands to cover asset allocation, long/short investing, information horizons, and other topics relevant today.It revisits a number of discussions from the first edition, shedding new light on some of today s most pressing issues, including risk, dispersion, market impact, and performance analysis, while providing empirical evidence where appropriate. The result is an updated, comprehensive set of strategic concepts and rules of thumb for guiding the process of-and increasing the profits from-active investment management. Bookseller Inventory # AAU9780070248823

More Information About This Seller | Ask Bookseller a Question

Buy New
58.17
Convert Currency

Add to Basket

Shipping: FREE
From United Kingdom to U.S.A.
Destination, Rates & Speeds

8.

Grinold, Richard C.; Kahn, Ronald N.
Published by McGraw-Hill Education - Europe
ISBN 10: 0070248826 ISBN 13: 9780070248823
New Hardcover Quantity Available: 8
Seller
Kennys Bookstore
(Olney, MD, U.S.A.)
Rating
[?]

Book Description McGraw-Hill Education - Europe. Book Condition: New. 1999. 2nd Edition. Hardcover. A proven index-beating approach that covers both the basic principles and foundations, as well as the practical details, of the process of active investment management. Series: McGraw-Hill Library of Investment & Finance. Num Pages: 624 pages, 60 illustrations. BIC Classification: KFFM; KJM. Category: (P) Professional & Vocational. Dimension: 164 x 236 x 40. Weight in Grams: 1006. . . . . . Books ship from the US and Ireland. Bookseller Inventory # V9780070248823

More Information About This Seller | Ask Bookseller a Question

Buy New
58.23
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds

9.

Richard Grinold; Ronald Kahn
ISBN 10: 0070248826 ISBN 13: 9780070248823
New Quantity Available: 3
Seller
Speedy Hen LLC
(Sunrise, FL, U.S.A.)
Rating
[?]

Book Description Book Condition: New. Bookseller Inventory # ST0070248826. Bookseller Inventory # ST0070248826

More Information About This Seller | Ask Bookseller a Question

Buy New
58.44
Convert Currency

Add to Basket

Shipping: FREE
Within U.S.A.
Destination, Rates & Speeds

10.

GRINOLD
Published by Mcgraw Hill Publishers
ISBN 10: 0070248826 ISBN 13: 9780070248823
New Quantity Available: > 20
Seller
INDOO
(Avenel, NJ, U.S.A.)
Rating
[?]

Book Description Mcgraw Hill Publishers. Book Condition: New. Brand New. Bookseller Inventory # 0070248826

More Information About This Seller | Ask Bookseller a Question

Buy New
56.29
Convert Currency

Add to Basket

Shipping: 2.69
Within U.S.A.
Destination, Rates & Speeds

There are more copies of this book

View all search results for this book