Multi-asset Investing: A practical guide to modern portfolio management - Softcover

Lustig, Yoram

Softcover

ISBN 10: 0857192515 ISBN 13: 9780857192516

Publisher: Harriman House, 2013

Synopsis

Planning, constructing and managing a multi-asset portfolio A multi-asset investment management approach provides diversification benefits, enhances risk-adjusted returns and enables a portfolio to be tailored to a wide range of investing objectives, whether these are generating returns or income, or matching liabilities. This book is divided into four parts that follow the four stages of the multi-asset investment management process: 1. Establishing objectives: Defining the return objectives, risk objectives and investment constraints of a portfolio. 2. Setting an investment strategy: Setting a plan to achieve investment objectives by thinking about long-term strategic asset allocation, combining asset classes and optimisation to derive the most efficient asset allocation. 3. Implementing a solution: Turning the investment strategy into a portfolio using short-term tactical asset allocation, investment selection and risk management. This section includes examples of investment strategies. 4. Reviewing: Evaluating the performance of a portfolio by examining results, risk, portfolio positioning and the economic environment. By dividing the multi-asset investment process into these well-defined stages, Yoram Lustig guides the reader through the various decisions that have to be made and actions that have to be taken. He builds carefully from defining investment objectives, formulating an investment strategy and the steps of selecting investments, leading to constructing and managing multi-asset portfolios. At each stage the considerations and strategies to be undertaken are detailed, and the description of the process is supported with relevant financial theory as well as practical, real-life examples. 'Multi-asset Investing' is an essential handbook for the modern approach to investment portfolio management.

About this title

About the Author

Yoram Lustig has been managing multi-asset portfolios for over a decade. During his seven years at Merrill Lynch, as Head of Portfolio Construction EMEA, he was responsible for managing multi-asset discretionary portfolios, selecting investments, setting investment strategy, managing portfolio risk and producing performance analytics. In his current role, as Head of Multi-Asset Funds at Aviva Investors, Yoram leads the multi-asset fund team, overseeing over 120 multi-asset funds with assets under management of over GBP70 billion. Yoram has diverse experience and vast knowledge of all the types of asset classes ranging across equities, bonds, real estate and the full spectrum of alternative investments. Before turning to asset management, Yoram practised commercial and finance law. His deep and profound understanding of the business motivations and legal aspects related to fund management, as well as to the requirements of investors (e.g., taxation), are unique and give him a broad perspective on the subject of multi-asset investing. He holds the following designations and credentials: - MBA from London Business School (University of London) - L.LB. (law) from Tel-Aviv University Chartered Financial Analyst (CFA) - Professional Risk Manager (PRM) - Chartered Advisor in Philanthropy (CAP) - Attorney in New York State and advocate in Israel

Edition details

• Publisher: Harriman House
• Publication date: 2013
• ISBN 10: 0857192515
• ISBN 13: 9780857192516
• Binding: Paperback
• Language: English
• Edition number: 1
• Number of pages: 536