{"product_id":"asset-allocation-from-theory-to-practice-and-beyond-9781119817710","title":"Asset Allocation: From Theory to Practice and Beyond","description":"\u003cp\u003e\u003cb\u003eDiscover a masterful exploration of the fallacies and challenges of asset allocation \u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIn \u003ci\u003eAsset Allocation: From Theory to Practice and Beyond\u003c\/i\u003e--the newly and substantially revised \u003ci\u003eSecond Edition\u003c\/i\u003e of \u003ci\u003eA Practitioner's Guide to Asset Allocation\u003c\/i\u003e--accomplished finance professionals William Kinlaw, Mark P. Kritzman, and David Turkington deliver a robust and insightful exploration of the core tenets of asset allocation.\u003c\/p\u003e \u003cp\u003eDrawing on their experience working with hundreds of the world's largest and most sophisticated investors, the authors review foundational concepts, debunk fallacies, and address cutting-edge themes like factor investing and scenario analysis. The new edition also includes references to related topics at the end of each chapter and a summary of key takeaways to help readers rapidly locate material of interest.\u003c\/p\u003e \u003cp\u003eThe book also incorporates discussions of: \u003c\/p\u003e \u003cul\u003e \u003cli\u003eThe characteristics that define an asset class, including stability, investability, and similarity\u003c\/li\u003e \u003cli\u003eThe fundamentals of asset allocation, including definitions of expected return, portfolio risk, and diversification\u003c\/li\u003e \u003cli\u003eAdvanced topics like factor investing, asymmetric diversification, fat tails, long-term investing, and enhanced scenario analysis as well as tools to address challenges such as liquidity, rebalancing, constraints, and within-horizon risk.\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003ePerfect for client-facing practitioners as well as scholars who seek to understand practical techniques, \u003ci\u003eAsset Allocation: From Theory to Practice and Beyond \u003c\/i\u003eis a must-read resource from an author team of distinguished finance experts and a forward by Nobel prize winner Harry Markowitz.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eWILLIAM KINLAW, CFA\u003c\/b\u003e, is a Senior Managing Director and Global Head of State Street's academic affiliate, State Street Associates, a unique partnership that bridges the worlds of financial theory and practice.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eMARK KRITZMAN, CFA\u003c\/b\u003e, is a Founding Partner and Chief Executive Officer of Windham Capital Management, LLC and the Chairman of Windham's investment committee. He is responsible for managing research activities and investment advisory services. He is also a Founding Partner of State Street Associates and teaches a graduate course at the Massachusetts Institute of Technology.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eDAVID TURKINGTON, CFA\u003c\/b\u003e, is a Senior Managing Director and Head of Portfolio and Risk Research at State Street Associates.\u003c\/p\u003e\u003cbr\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":50445025247506,"sku":"9781119817710","price":28.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_f509d713-5434-4416-b39c-8e89552855dc.jpg?v=1729693760","url":"https:\/\/surprise-castle.myshopify.com\/products\/asset-allocation-from-theory-to-practice-and-beyond-9781119817710","provider":"Surprise Castle","version":"1.0","type":"link"}