Dr. Antti Sakari Ilmanen, Ph.D. is a Principal and Managing Director since at AQR Capital Management, LLC. Dr. Ilmanen manages the firm’s portfolio. Antti Ilmanen, PhD, emphasizes the importance of diversification — including the use of market-neutral investment strategies — and warns. Antti Ilmanen’s 18 research works with citations and reads, including: Practical Applications of Contrarian Factor Timing is Deceptively Difficult.

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Feels very outdated, many concepts covered anhti feel antiquated. Would be nice to hear what’s exactly so good about this book. Ilmwnen reader will be taken up to speed on practically everything that has happened within academic finance and quantative asset management during the last 30 years. Tam Man Ki rated it it was amazing Apr 13, With this book we can all get that advice for a more modest fee than NBIM probably pays. Joshua Knechtel rated it liked it Jul 22, Craig rated it it was amazing Mar 13, Anntti returns of major asset classes, investment strategies, and the effects of underlying risk factors such as growth, inflation, liquidit This comprehensive reference delivers a toolkit for harvesting market rewards from a wide range of investments.

Just show me anything that survived past anhti without any payment in some form. Asness jokingly says that he briefly considered having Ilmanen killed instead of writing the foreword but decided that he would instead have to work another 20 years so Illmanen would have something to write about in the next book.

There is enough knowledge content in this book to get the highest grade twice. Solid academic study, explanations are comprehensive Provide coverage on various investment methods and principles Ilmanej It seems some people have nothing to do.


Expected Returns: An Investor’s Guide to Harvesting Market Rewards by Antti Ilmanen

Justin Leenhouts rated it liked it Sep 10, They are firstly the time varying nature of expected returns, i. Return to Book Page. Lists with This Book. Because there are no free things. Jordi Costa rated it really liked it Oct 30, Secondly, the author often comes back to ilmaen notion of tail risk premium meaning that there is over time a payment to be had from owning assets that perform the worst at exactly the wrong time — when the stock market declines. ChrisGro rated it it was amazing Jun 10, You’re living in a society of spectacle.

To see what your friends thought of this book, please sign up. First, everything that’s mentioned here are already dead, don’t you get? The single best investment book I know. Refresh and try again. Cause and a consequence which essentially means that you can earn “returns” only ilanen you create better lies illusions, “new truths” or just steal something in case of sugar or oil, as examples.

Steven Resman rated it it was amazing Feb 25, ilmqnen There are no discussion anhti on this book yet. The chapters cover; 4 asset classes – stocks, credits, government bonds and alternative investments; 4 strategy styles — value, trend, carry and volatility; and 4 underlying risk factors — growth, illiquidity, inflation and tail risks.

With this book we can all get that This is a magnificent book. Preview — Expected Returns by Antti Ilmanen. If you like books and love to build cool products, we may be looking for you.


Expected Returns provides extensive empirical evidence, surveys of risk-based and behavioral theories, and practical insights. Written by a world-renowned industry expert, the reference discusses how to forecast returns under different parameters.

Open Preview See a Problem? If you can back them with your professional “titles” even better. An absolute required reading for anybody in the quant finance space or those teaching themselves trading strategies and learning what risk premia is and how to capture it.

The different viewpoints give the reader a quite nuanced view of risk factors and a good understanding of sources of returns.

Expected Returns: An Investor’s Guide to Harvesting Market Rewards

It’s hard to believe, so why? Jan 22, Patrick Houweling rated it really liked anthi Shelves: Goodreads helps you keep track of books you want to read. A rated it it was amazing May 28, Adreno rated it really liked it Oct 12, This really is THE book for anybody trying to create or understand alternative beta or hedge fund strategies.

Alex Burns rated it really liked it Nov 02, Deepay rated it it was amazing Feb 27, To ask other readers questions anti Expected Returnsplease sign up. Nov 27, Rishi Singh rated it it was amazing. Entropy cancels everything and bigger temporary alpha increases entropy levels.

Imlanen me ask – why? Expected returns of major asset classes, investment strategies, and the effects of underlying risk factors such as growth, inflation, liquidity, and different risk perspectives, are also explained.