Notes: Active Portfolio Management. By Zhipeng Yan. Active Portfolio Management. By Richard C. Grinold and Ronald N. Kahn. Part I Foundations. Active Portfolio Management has 86 ratings and 7 reviews. Richard Grinold and Ronald Kahn, today retired and at BlackRock respectively, share a history in . Both fundamental and quantitative investment managers will benefit from studying this updated edition by Grinold and Kahn.” -Scott Stewart, Portfolio Manager.
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A good introductory book about quantitative portfolio management which is also mathematically rigorous.
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Oct 21, Victor rated it did not like it Shelves: TuttleDennis W. One person found this helpful. When I was first introduced to this book, I figured it was more or less only for their money management businessa manual for building Barclays Index Managemeng funds. Amazon Drive Cloud storage from Amazon. Grinold and Kahn go much forward and at the same time had managed to clearly and meticulously show the CAPM model, its limitations and the more sophisticated tools developed from it.
If a new opportunity is fully correlated to a previous one it adds no IR.
Active Portfolio Management by Kahn, Richard Grinold; Ronald
Its a good book not as advanced as I was looking for. Get fast, free shipping with Amazon Prime.
Personally, I would have liked a little more meat on non-parametric statistics, maybe some overarching Bayesian 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. There are no discussion topics on this book yet. Anselmo Araujo rated it really liked it Feb 13, Coming from a science and engineering background, I find the exposition verbose, yet lacking a ground-up derive-from-fundamentals approach.
Pages with related gdinold.
Active Portfolio Management
The rest of the book seems fine for a quantitative aproach active portfolio management book. The print edition and the kindle version do not match. To ask other readers questions about Active Portfolio Managementplease sign up.
Like its predecessor, this volume details how to apply economics, econometrics, and operations research to solving practical investment problems, and uncovering superior profit opportunities. Compartilhe seus pensamentos com outros clientes.
Trivia About Active Portfolio This is the best book I studied so far in Portfolio Managment. Both fundamental and quantitative investment managers will benefit from studying this updated edition by Grinold and Kahn. Customers who viewed this item also viewed.
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Not recommended for fun read, but a complete must-have for active portfolio managers’ knowledg This is the textbook for the active portfolio management course at Haas Portrolio of Business taught by Dr. This book was recommended to me as the bible of active management.
They should go buy Hull and be happy. It revisits a number grionld 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.
Even if you skip the mathematics and most of the heavy stuff is kept neatly tucked away in appendices, so as not to frighten the MBAs and small childrenyou’re likely to get something porfolio of it: Read reviews that mention portfolio management information ratio active portfolio read this book management this book market risk text practical theory academic approach capm pages quant important manager model analysis authors.
The book is absolutely superior over the academic textbooks that usually limit themselves to CAPM and efficient market theory. It may not make you rich, and it may not make the people you invest for rich, but you will at least understand why or why portfoljo after understanding the math.
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