Portfolio Theory and Performance Analysis: 239 (The Wiley Finance Series) - Tapa dura

Acerca del autor

Noel Amenc is professor of finance at the Edhec Business School, where he is in charge of the Risk and Asset Management research centre.  Noel is also associate editor of the Journal of Alternative Investments. He is the author of numerous publications in the domain of portfolio management, notably in the areas of asset allocation and performance measurement.  He also holds significant positions within the asset management industry, including head of research with Misys Asset Management Systems.

Veronique Le Sourd  holds an advanced graduate diploma in applied mathematics from the Université Pierre and Marie Curie (Paris VI) and has worked as a research assistant within the finance and economics departments of HEC Business School.  She is currently a research engineer for Misys Asset Management Systems and associate researcher with the Edhec Risk and Asset Management Research Centre.

De la contraportada

This book is a most extensive and remarkable synthesis of the contribution of best-known academics in finance to modern portfolio and market efficiencies theories. Indeed, a valuable hindsight and updating of the evolutionary perspective of portfolio management, investment process and performance analysis on multistyles and multiclasses assets. – Pierre Palasi, Chairman, LCF Rothschild Multimanagment

A wonderful step forward in portfolio management texts! The book is a “soup-to-nuts” feast covering almost all aspects of portfolio management. It takes readers from the basic conceptual underpinnings through important issues such as VaR, extreme value distribution. It covers both equities and fixed income. The material is well laid out, up-to-date, and strikes a welcome balance between presenting the academic background for topics and providing a good feel for current industry practice. I also liked the fact the international issues surfaced frequently, as they should! – Terry Marsh, Professor of Finance, University of California, Berkeley

The contribution of Prof. Amenc and V. Le Sourd will undoubtedly enable practitioners and other investors alike to better apprehend the tools and techniques available to them, as well as their relevance, in making informed investment decisions in today’s increasingly turbulent and complex financial markets – Jean Castellini, Managing Director, Frank Russell Company Ltd (France)

Sound investment decisions rest on identifying and selecting portfolio managers who are expected to deliver superior performance. Measuring the performance of portfolio managers is a challenging task, because performance must be evaluated in a risk-adjusted sense. In this book, Nöel Amenc and Véronique Le Sourd provide the reader with an insightful account of how modern portfolio theory can be used to achieve relevant risk-adjusted performance evaluation. The authors have managed to compile a very comprehensive and structured overview of the set of statistical techniques used to distinguish systematic performance effects from pure chance and to account for the risks taken to earn them. This book is likely to become the reference work in portfolio performance evaluation – Lionel Martellini, PhD, Assistance Professor of Finance, Marshall School of Business, University of Southern California

De la solapa interior

This book is a most extensive and remarkable synthesis of the contribution of best-known academics in finance to modern portfolio and market efficiencies theories. Indeed, a valuable hindsight and updating of the evolutionary perspective of portfolio management, investment process and performance analysis on multistyles and multiclasses assets. - Pierre Palasi, Chairman, LCF Rothschild Multimanagment

A wonderful step forward in portfolio management texts! The book is a "soup-to-nuts" feast covering almost all aspects of portfolio management. It takes readers from the basic conceptual underpinnings through important issues such as VaR, extreme value distribution. It covers both equities and fixed income. The material is well laid out, up-to-date, and strikes a welcome balance between presenting the academic background for topics and providing a good feel for current industry practice. I also liked the fact the international issues surfaced frequently, as they should! - Terry Marsh, Professor of Finance, University of California, Berkeley

The contribution of Prof. Amenc and V. Le Sourd will undoubtedly enable practitioners and other investors alike to better apprehend the tools and techniques available to them, as well as their relevance, in making informed investment decisions in today's increasingly turbulent and complex financial markets - Jean Castellini, Managing Director, Frank Russell Company Ltd (France)

Sound investment decisions rest on identifying and selecting portfolio managers who are expected to deliver superior performance. Measuring the performance of portfolio managers is a challenging task, because performance must be evaluated in a risk-adjusted sense. In this book, Nöel Amenc and Véronique Le Sourd provide the reader with an insightful account of how modern portfolio theory can be used to achieve relevant risk-adjusted performance evaluation. The authors have managed to compile a very comprehensive and structured overview of the set of statistical techniques used to distinguish systematic performance effects from pure chance and to account for the risks taken to earn them. This book is likely to become the reference work in portfolio performance evaluation - Lionel Martellini, PhD, Assistance Professor of Finance, Marshall School of Business, University of Southern California