Notes: Active Portfolio Management. By Zhipeng Yan. Active Portfolio Management. By Richard C. Grinold and Ronald N. Kahn. Part I Foundations. Active Portfolio Management has 86 ratings and 7 reviews. Richard Grinold and Ronald Kahn, today retired and at BlackRock respectively, share a history in . Both fundamental and quantitative investment managers will benefit from studying this updated edition by Grinold and Kahn.” -Scott Stewart, Portfolio Manager.

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Personally, I would have liked a little more meat on non-parametric statistics, maybe some overarching Bayesian framework and some ideas on backtesting, a la bootstrap resampling, but it would probably change the tenor of the book and reduce its utility for what they do at work.

Excellent book for whom is looking for a practical approach that at the same time is presented through a rigorous mathematical methodology.

Mar 02, Robert Muller rated it really liked it. Also, if you zoom into the image, it becomes blurred. If you’re an investing managemeent, you should already know about this book, whether you use it or not. Return to Book Page.

That means, if you increase the text size, the equations still remain tiny. Mathematically rigorous and meticulously organized, Active Portfolio Management broke new ground when it first axtive available to investment managers 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, while providing empirical evidence where appropriate.

Academic financial text books have, to a large extent, focused on beta and the so called efficient market.

Both fundamental and quantitative investment managers will benefit from studying this updated edition by Grinold and Kahn. Structurers don’t need this book. They should go buy Hull and be happy. Showing of 19 reviews. Apr 15, Yifang Liu rated it really liked it Shelves: Amazon Renewed Refurbished products with a warranty. Like its predecessor, kahhn volume details how to apply economics, econometrics, and operations research to solving practical investment kagn, and uncovering superior profit opportunities.

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When I’m banging my head on a problem, and getting no joy from the google machine, Grinold and Kahn’s book often has something which at least points me to the answer.

Bernhard rated it it was amazing Jun 06, Like its predecessor, this volume details how to apply economics, econometrics, and operations research to solving practical investment problems, and uncovering portfoluo profit opportunities. Nsagarajan rated it really liked it Dec 28, They write a book which generalizes well to all fields involving information under uncertainty. Professional acclaim for Active Portfolio Management, 2nd edition. I refer to it weekly at work.

Active Portfolio Management by Kahn, Richard Grinold; Ronald

An introduction to direct access trading strategies. Quantitative Equity Portfolio Management: Decent read, not sure how helpful. The print edition and the kindle version do not match. Amazon Rapids Fun stories for kids on the go. Grinold spent 14 years at BARRA, where he served as Director of Research, Executive Vice President, and President; grinild 20 years on the faculty at the School of Business Administration at managemeht University of California, Berkeley, where he served as the chairman of the finance faculty, chairman of the management science faculty, and director of the Berkeley Program in Finance.

For one, there are typos.

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. For example, where the Greek letter sigma is used in the grionld, the Kindle would replace it with some Latin letters such as “s” or even an “o”. If you’re interested in how indexes benchmarks are constructed for specific purposes, this is the kkahn. The book certainly covers some of the details and models used in money management tasks.

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There’s three basic categories of quants. Grinold spent 14 years at BARRA, where he served as Director of Research, Executive Vice President, and President; and 20 years on the faculty at the School of Business Administration at the University of California, Berkeley, where he served as the chairman of the finance kabn, chairman of the management science faculty, and director of the Berkeley Program in Mahn. Be the first to ask a question about Active Portfolio Management.

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Read more Read less. 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.

Leia mais Leia menos. Structurers don’t need this book.

Alex Burns rated it it was amazing Nov 02, Beside of showing the active way of managing a portfolio, the serious mathematical presentations through which the different theories such as CAPM are described are very convincing of how difficult it could be to beat the market. 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.

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.

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