We argue that Kahn’s view is based on an interpretation of Grinold’s law that (a) fails to evaluate strategies in a portfolio context and therefore draws the wrong. Notes: Active Portfolio Management. By Zhipeng Yan. Active Portfolio Management. By Richard C. Grinold and Ronald N. Kahn. Part I Foundations. Chapter 1. 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.
What Hedge Funds Really Do: A reference classic, and surprisingly well written. Amazon Giveaway allows you to griold promotional giveaways in order to create buzz, reward your audience, and attract new followers and customers. Professional acclaim for Active Portfolio Management, 2nd edition.
No trivia or quizzes yet. 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 kah management. I learned mostly about the underside of the investment process, a issue that I think not communicated enough today.
The book is not an easy read, but I don’t think that’s because the subject is inherently hard. It’s a highly quantitative read that will make your undergraduate math courses valuable, literally.
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English Choose a language for shopping. Huanzhou rated it it was ok Oct 30, Not recommended for fun read, but a complete must-have for active portfolio managers’ knowledge base.
The book certainly covers some of the details and models used in money management tasks. They didn’t write a book about specific investment instances that come up. Start reading Active Portfolio Management on your Kindle in under a minute. The rest of the book seems fine for a quantitative aproach active portfolio management book. Don’t have a Kindle? When I grniold first introduced to this book, I figured it was more or less vrinold for their money management businessa manual for building Barclays Index Plus funds.
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They should go buy Hull and be happy. Amazon Giveaway allows you to run promotional giveaways in order to create buzz, reward your audience, and attract new followers and customers.
There was a problem filtering reviews right now. Got a trading problem? If you’re interested in serious m If you’re an investing professional, you should already know about this book, whether you use it or not. Nicholas rated it it was amazing Jan 02, To increase the IR from 0,5 to 1,0 one would need to double skill, increase breadth by a factor of four or some combination of the two.
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I attempted reading it kxhn times, but gave up every time. The Kindle rendition is an utter disaster and sheer disappointment. Amazon Second Chance Pass it on, trade it in, give it a second life. I am an enthusiastic supporter of the methodology used in the book, and I highly recommend it to both the professional and academic communities.
Breadth, Skill, and Time | The Journal of Portfolio Management
Kevin rated it did not like it Jul 02, Read more Read less. Quantitative Equity Portfolio Management: Amazon Second Chance Pass it on, trade it in, give it a second life. 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.
Like its predecessor, this volume details how to apply economics, econometrics, and operations research to solving amd investment problems, and uncovering superior profit opportunities. To see what your friends thought of this book, please sign up. One person found this helpful. By outlining an innovative process wnd 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.
That is what Grinold and Kahn do for a living, and they probably wrote the book to have something to give to dumb pupils who don’t know anything. Richard Grinold and Ronald Kahn, today retired and grinokd 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.
Scopus 1 Google Scholar. Daniel Walker rated it really liked it Oct 05,