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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I attempted reading it several times, but gave up every time. The book certainly covers some of the details and models used in money management tasks. If you are a seller for this product, would you like to suggest updates through seller support?
Breadth, Skill, and Time | The Journal of Portfolio Management
Please try again later. The result is an updated, comprehensive set of strategic concepts and rules of thumb for guiding the process of-and increasing the profits from-active investment management. Write a customer review.
Huanzhou rated it it was ok Oct 30, When I was first introduced to this book, I figured it was more or less only for their money management businessa manual for building Barclays Index Plus funds. If you like books and love to build cool products, we may be looking for you. An introduction to direct access trading strategies.
Add both to Cart Add both to List. Both fundamental and quantitative investment managers will benefit from studying this updated edition by Grinold and Kahn. 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.
Giovanni rated it it was ok Apr 01, 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. Customers who viewed this item also viewed. There’s three basic categories of quants. Share your thoughts with other customers. Even if you skip the mathematics and most of the heavy stuff is kept neatly tucked away in appendices, so as not to frighten the MBAs and small childrenyou’re likely to get something out of it: You may want to check it out first.
November 16, Sold by: Please see Timothy Falcon Crack’s response to my review. Structurers, risk managers and traders. It is relatively easy to measure for any investment process. Bud rated it really liked it Nov 25, Amazon Music Stream millions of songs. Tapas Neogi rated it really liked it Mar 16, Showing of 19 reviews.
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I bought it for a present. 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, Kanh, where he served as the chairman of the finance faculty, chairman of the management science faculty, and director of the Berkeley Program in Finance.
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A reference classic, and surprisingly well written. Learn more about Amazon Prime.
Decent read, not sure how helpful. Shopbop Designer Fashion Brands. Karen Ma rated it it was amazing Jul 13, Advances in Financial Machine Learning. Explore the Home Gift Guide. Ships from and sold by Fairview Books. Lists with This Frinold.
Grinod found “Quantitative Equity Portfolio Management: Scopus 1 Google Scholar. Please try again later. There was a problem filtering reviews right now. Joseph L D’Anna rated it liked it Jul 28, Active Portfolio Management, Second Editionnow sets the bar even higher.
Yet, over the years I find myself returning to the key concepts of the book over and over again.
English Choose a language for shopping. They don’t talk much about futures or options; this really is about equities, but if you’re trading in those other markets, you still need this book.