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.
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Discover Prime Book Box for Kids. Active Portfolio Management is an outstanding treatise on the methods and techniques of measuring performance and risk control that is both rigorous and understandable.
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Thanks for telling us about the problem. 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 faculty, chairman of the management science faculty, and director of the Berkeley Program in Finance.
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. Pages with related products.
Bill rated it really liked it Sep 14, Please see Timothy Falcon Crack’s response to my review. Coming from a science and engineering background, I find the exposition verbose, yet ane a ground-up derive-from-fundamentals approach.
Breadth, Skill, and Time | The Journal of Portfolio Management
There is a substantial expansion in both depth and breadth on the original. Amazon Advertising Find, attract, and engage customers. He calls this book “masterpiece”, and he says he ended up writing another book Foundations for Scientific Investing to make understanding the subject easier.
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.
Write a customer review. Shopbop Designer Fashion Brands. Both fundamental and quantitative investment managers will benefit from studying this updated edition by Grinold and Kahn.
Still, they’ll probably read this review, and if they take requests, that’s mine. I’ve found “Quantitative Equity Portfolio Management: The book is absolutely superior over the academic textbooks that usually limit themselves to CAPM and efficient market theory.
It outlines an active management framework that begins with a benchmark portfolio, then defines exceptional returns as they relate to that benchmark. Ships from and sold by Amazon. Han rated it really liked it Jan 17, If you like books and love to build cool products, we may be looking for you. Alexa Actionable Analytics for the Web. That means, if you increase the text size, the equations still remain tiny. This book is not yet featured on Listopia.
Product is excellent for novice. IPR Journals is the leading provider of applicable theoretical research for all those in the investment management community.
Login below to view the full article. Algorithmic Trading and DMA: The book is absolutely superior over the academic textbooks that usually limit themselves to CAPM and efficient market theory. Page 1 of 1 Start over Page 1 of 1.
Grinlod recommended for fun read, but a complete must-have for active portfolio managers’ knowledge base. They didn’t write a book about specific investment instances that come up.
ComiXology Thousands of Digital Comics. Just a moment while we sign you in to your Goodreads account. Trevor rated it it was amazing May 26, Top Reviews Most recent Top Reviews. It outlines an active management framework that begins with a benchmark portfolio, then defines exceptional returns as they relate to that benchmark.
Dec 01, Shauntelle James rated it it was amazing. They don’t talk much about futures or options; this really is about equities, but if you’re trading in those other markets, you ggrinold need this book.
Showing of 19 reviews. Ships from and sold by Fairview Books. For one, there are typos. These items are shipped from and sold by different sellers. Decent read, not sure how helpful.