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

Kahn, Ph.D., is Managing Director in the Advanced Active Strategies Group at Barclays Global Investors. Dr. Richard C. Dr. He is on the editorial advisory board of the Journal of Portfolio Management and the Journal of Investment Consulting. Grinold, Ph.D., is Managing Director, Advanced S

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. "Active Portfolio Management is a unique reference for understanding the source of value-added by a money manager. Blending the Most Profitable Aspects of Analytical and Quantitative.Professional acclaim for Active Portfolio Management, 2nd edition. It clearly and concisely explains all aspec

Don't buy the Kindle version Vivek Sharma The Kindle rendition is an utter disaster and sheer disappointment.For one, there are typos. The print edition and the kindle version do not match. For example, where the Greek letter sigma is used in the text, the Kindle would replace it with some Latin letters such as "s" or even an "o".Secondly, the Equations are stored as tiny images. That means, if you increase the text size, the equations still r. My favorite book on portfolio theory There's three basic categories of quants. Structurers, risk managers and traders. Structurers don't need this book. They should go buy Hull and be happy. Every risk manager and trader in the business needs this book. 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 Plus funds. That is what Grinold and Ka. Practical approach and mathematically rigorous at the same time Pablo Sandler Excellent book for whom is looking for a practical approach that at the same time is presented through a rigorous mathematical methodology. The book is absolutely superior over the academic textbooks that usually limit themselves to CAPM and efficient market theory. 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

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