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

Amazon.com Price:  $30.00 (as of 12/05/2019 16:54 PST- Details)

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“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 consider the balance between manager skill and portfolio risk. Both fundamental and quantitative investment managers will get pleasure from studying this up to date 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 contemporary 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 to be had 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 remedy of the active management process covered up to now, this new edition expands to cover asset allocation, long/short investing, information horizons, and other topics relevant today. It revisits a variety of discussions from the first edition, shedding new light on some of today’s most pressing issues, including risk, dispersion, market have an effect on, and performance analysis, whilst providing empirical evidence where appropriate. The result is an up to date, comprehensive set of strategic concepts and rules of thumb for guiding the process of-and increasing the profits from-active investment management.

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