Modern Portfolio Management: Active Long/Short 130/30 Equity Strategies - Couverture rigide

Leibowitz, Martin L.; Emrich, Simon; Bova, Anthony

Couverture rigide

ISBN 10 : 0470398531 ISBN 13 : 9780470398531

Editeur : John Wiley & Sons Inc, 2009

Synopsis

Book by Leibowitz Martin L Emrich Simon Bova Anthony

A propos du livre

Quatrième de couverture :

Praise for Modern Portfolio Management

"This extraordinary book will be the classic work on portfolio management. Nothing I know of comes close to matching its depth of analysis and innovative thinking, as the authors transform the most important lessons of theory into the most sophisticated methodologies for day–to–day decision–making. Leibowitz and his associates have raised portfolio management to a new level, and those who fail to climb up here will rue the day." Peter L. Bernstein, author of Capital Ideas Evolving

"Marty Leibowitz is a very smart guy and has been around the quantitative track longer than any of us. Whatever he writes is definitely worth reading." James Simons, PhD, Chairman and Chief Executive Officer, Renaissance Technologies, LLC

"If 130/30 is the new long–only, then this book is an instant classic in investment literature. Dr. Leibowitz and his coauthors have written the definitive treatise on disciplined long/short equity investing, and this book should be required reading for all pension plan sponsors, portfolio managers, and consultants who care about making the most of their investment dollars." Andrew W. Lo, Harris & Harris Group Professor, MIT Sloan School of Management

"True to form, Leibowitz brings the practical and theoretical together in this useful compilation of articles regarding active extension strategies. All investors who might consider both long and short positions in active portfolios should have this on their bookshelf for reference." Scott C. Evans, Executive Vice President, TIAA–CREF

"The author team has written an authoritative book on the rapidly growing field of 130/30 portfolios. They offer many unique and practical insights, backed by rigorous analysis, on raising portfolio returns and managing risk in a disciplined manner. The book is an absolute gem for the serious investor." Aje Saigal, Director, Investment Policy & Strategy, Government of Singapore Investment Corporation

"A comprehensive and insightful introduction to the attributes of focused and risk–controlled long–short management. This collection of articles, with Martin Leibowitz′s path–breaking work at Morgan Stanley Research as the cornerstone, will inspire and guide asset owners to achieve more efficient portfolio allocations." Knut N. Kjaer, former CEO, Norwegian Government Pension Fund

Biographie de l'auteur :

MARTIN L. LEIBOWITZ is Managing Director on the U.S. Equity Strategy team at Morgan Stanley. Prior to joining Morgan Stanley in 2004, he was vice chairman and chief investment officer of TIAA–CREF. Leibowitz is a leading authority in the fields of security analysis and overall portfolio allocation strategies. He is the author of four books, including Franchise Value (Wiley), and 138 articles, ten of which have won the prestigious Graham and Dodd Award for excellence in financial writing. Leibowitz serves on a number of endowment and foundation investment committees, including Harvard University, University of Chicago, Rockefeller Foundation, Carnegie Corporation, and the Institute for Advanced Study.

SIMON EMRICH is Head of Quantitative and Derivative Strategies North America at Morgan Stanley. Most recently, he has worked on issues related to alpha–beta separation and the optimization of alpha views in a benchmark–relative portfolio context, as well as on the implications of the quant meltdown during the second half of 2007. He holds degrees from the London School of Economics and Université Catholique de Louvain, in Louvain–la–Neuve, Belgium.

ANTHONY BOVA, CFA, is a vice president with Morgan Stanley Equity Research′s Global Strategy team, focusing on institutional portfolio strategy. Prior to his current role, Bova spent four years covering commodity chemicals at Morgan Stanley. Leibowitz and Bova recently received the ninth annual Bernstein Fabozzi/Jacobs Levy Awards for coauthoring "Gathering Implicit Alphas in a Beta World," cited as the best paper in the 2007 Journal of Portfolio Management.

À propos de cette édition

• Éditeur: John Wiley & Sons Inc
• Date d'édition: 2009
• ISBN 10: 0470398531
• ISBN 13: 9780470398531
• Reliure: Relié
• Nombre de pages: 544