{"product_id":"portfolio-theory-and-performance-analysis-9780470858745","title":"Portfolio Theory and Performance Analysis","description":"For many years asset management was considered to be a marginal activity, but today, it is central to the development of financial industry throughout the world. Asset management's transition from an \"art and craft\" to an industry has inevitably called integrated business models into question, favouring specialisation strategies based on cost optimisation and learning curve objectives. This book connects each of these major categories of techniques and practices to the unifying and seminal conceptual developments of modern portfolio theory. \u003cp\u003eIn these bear market times, performance evaluation of portfolio managers is of central focus. This book will be one of very few on the market and is by a respected member of the profession.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eAllows the professionals, whether managers or investors, to take a step back and clearly separate true innovations from mere improvements to well-known, existing techniques\u003c\/li\u003e \u003cli\u003ePuts into context the importance of innovations with regard to the fundamental portfolio management questions, which are the evolution of the investment management process, risk analysis and performance measurement\u003c\/li\u003e \u003cli\u003eTakes the explicit or implicit assumptions contained in the promoted tools into account and, by so doing, evaluate the inherent interpretative or practical limits\u003c\/li\u003e \u003c\/ul\u003e\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eNoel Amenc\u003c\/b\u003e 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 \u003ci\u003eJournal of Alternative Investments.\u003c\/i\u003e 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. \u003cp\u003e\u003cb\u003eVeronique Le Sourd \u003c\/b\u003e 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.\u003c\/p\u003e\u003cbr\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":50324764688658,"sku":"9780470858745","price":159.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_5f7c8503-5b58-4c0e-a081-10b1a9638dcc.jpg?v=1727673206","url":"https:\/\/surprise-castle.myshopify.com\/products\/portfolio-theory-and-performance-analysis-9780470858745","provider":"Surprise Castle","version":"1.0","type":"link"}