Active Portfolio Management has 85 ratings and 7 reviews. Richard Grinold and Ronald Kahn, today retired and at BlackRock respectively, share a history in . “This new edition of Active Portfolio Management continues the standard of excellence established in the first edition, with new and clear insights to help. Find Active Portfolio Management by Kahn, Richard Grinold; Ronald at Biblio. Uncommonly good collectible and rare books from uncommonly good booksellers.

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A reference classic, and surprisingly well written. Refresh and try again. Kevin rated it did not like it Jul 02, Grinold Author Richard C. If you originally registered with a username please use that to sign in.

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, manaegment providing empirical evidence where appropriate.

Sign in via your Institution Sign in. Gregory Connor; Active Portfolio Management: Active asset management is all about forecasting. It clearly and concisely explains all aspects of the foundations and the latest thinking in active pkrtfolio management. Find out more about OverDrive accounts.

Active Portfolio Management by Kahn, Richard Grinold; Ronald

Bernhard rated it it was amazing Jun 06, MichaudRobert O. 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, managemenh performance analysis, while providing empirical evidence where appropriate. Both authors have published extensively, and are widely known in the industry for their pioneering work on risk models, portfolio optimization, and trading analysis; equity, fixed income, and international investing; and quantitative approaches to active management.

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Bud rated it really liked it Nov 25, The topic at hand is the generation of risk adjusted relative returns. The market returns are always mqnagement baseline and success is measured by the IR the ratio of residual return to residual variance rather than an academic Sharpe ratio.

Close mobile search navigation Article navigation. A Practical Guide to Stock Portfolio Richard Grinold and Ronald Kahn, today retired and at BlackRock respectively, share a history in academia, at BARRA and above all at the quant behemoth Barclays Global Investors where they both held leading positio Academic financial text books have, to a large extent, focused on beta and the so called efficient market.

Jul 19, Isuru Daulagala rated it amnagement liked it.

There is a substantial expansion in both depth and breadth on the original. 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 clearly and concisely explains all aspects of the foundations and the latest thinking in active portfolio management. By outlining an innovative process to uncover raw signals of asset returns, develop them into refined forecasts, then use those forecasts to construct portfolios of exceptional return and minimal risk, i. McLeaveyPinto No preview available – It is for example more valuable to be able to forecast the returns of stocks than stocks.

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Aug 21, InvestingByTheBooks. Trevor rated it it was amazing May 26, The payoff would be a class full grinolc students who could not complain that the course was not practically relevant. Matthew Tuxford rated it it was ok Oct 16, Michaud No preview available – Academic financial text books have, to a large extent, focused on beta and the so called efficient market. Related articles in Google Scholar.

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Limiting yourself to being long only lowers IR. This is the textbook for the active portfolio management course at Haas School of Business taught by Dr. The second source of IR is breadth — the number of independent active oportunities per year the PM have to use his skill on. The level of math required is not a big deal, it is just that formul I read this book because it was recommended for Coursera course: Mathematically rigorous and meticulously organized, Active Portfolio Management broke new ground when it first became available to investment managers in Governance Under Common Ownership.

Han rated it really liked it Jan 17, Like its predecessor, this volume details how to apply economics, grknold, and operations research to solving practical investment problems, and uncovering superior profit opportunities. A good introductory book about quantitative portfolio management which is also mathematically rigorous. Active Portfolio Management was groundbreaking when it was first published in lortfolio instead it was devoted to the practical process of generating alpha from a quantative angle.

Active Portfolio Management

mmanagement The Effect of Passive Investors on Activism. Alex Burns rated it it was amazing Nov 02, 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 not after understanding the math. Apr 15, Yifang Liu rated it really liked it Shelves: Be the first to ask a question about Active Portfolio Management.