Introduces the modern investment management techniques used byGoldman Sachs Along with Fischer Black, Bob Litterman created theBlack-Litterman asset. Modern Investment Management by Bob Litterman, , available at Book Depository with free delivery worldwide. Litterman and his asset management group are often a drivingforce behind the asset allocation and investment decision-making ofthe world’s.
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Description Introduces the modern investment management techniques used by Goldman Sachs asset management to a broad range of institutional and sophisticated investors. Jun 28, Ci rated it liked it. Uncorrelated hedge funds and private equity products add alpha, while interest rate and currency overlays can contribute extra return while hedging liability risks.
Although Amazon didn’t make the distinction, Litterman is the book’s editor, not it’s author. Equity Portfolio Management A.
International Diversification and Currency Hedging B. Furkan marked it as to-read Feb 16, Through sixinformation-rich sections, Modern Investment Management will showyou how to understand these changes and how to implement them inyour own investment endeavors. ISBN This is a state-of-the-art exposition of modern investment techniques, full of brilliant analysis but oddly detached from the real world. There is a problem of lack of scalability too.
We’re featuring millions of their reader ratings on our book pages to help you find your new favourite book. De Santis, et al.
Managers of niche funds can select unusually inveztment opportunities in inefficient markets Japanese small cap equities being an oft-quoted example. Bobby Todorov is currently reading it Dec 27, Realities and Best Practices J.
And Markowitz published his paper in ! Financial TimesSeptember 29, Flap copy There are many approaches to investing, but for Bob Litterman andGoldman Sachs Asset Management’s Quantitative Resources Group, the equilibrium approach has been the most rewarding.
Suharli Marbun added it Jun 11, You are currently using the site but have requested a page in the site. But, in the real world, the average information ratio is zero or negative, after costs and portfolio risk is hard to measure with precision over maangement length of time.
Global Equilibrium Expected Returns B. John rated it it was amazing Nov 28, Quantitative Momentum Wesley R.
Global Tactical Asset Allocation M. The age of risk and skill is here. Global Tactical Asset Allocation M.
For Goldman Sachs, the attractions of active alpha are crystal clear. Spekus marked it as to-read Dec 02, Dispatched from the UK in 3 business days When will my order arrive? BookDB marked it as to-read Sep 25, Henry rated it liked it Nov 12, Incidentally, Litterman claims views are the key improvement from the approach.
This applies across the spectrum from asset allocators to specialist portfolio managers.