Active Portfolio Management: A Quantitative Approach for Producing Superior Returns and Controlling Risk Description
Both novices and experts will frequently consult this Second Edition, which won’t just sit on a shelf. In the original, there has been a significant expansion in both depth and breadth. It provides a thorough explanation of the principles of active portfolio management as well as the most recent developments in this field.
Here’s what you will learn in this course:
- Consensus Expected Returns: The Capital Asset Pricing Model. Risk. Exceptional Return, Benchmarks, and Value Added.
- Residual Risk and Return: The Information Ratio.
- The Fundamental Law of Active Management.
- Expected Returns and Valuation.
- Expected Returns and the Arbitrage Pricing Theory.
- Valuation in Theory.
- Valuation in Practice.
- Information Processing.
- Forecasting Basics.
- Advanced Forecasting.
- Information Analysis.
- The Information Horizon.
- Portfolio Construction.
- Long/Short Investing.
- Transaction Costs, Turnover, and Trading.
- Performance Analysis.
- Asset Allocation.
- Benchmark Timing.
- The Historical Record for Active Management.
- Open Questions.
A: Standard Notation.
C: Return and Statistics Basics.