Fundamentals Of Institutional Asset Management

Author : Frank J Fabozzi,Francesco A Fabozzi
Publisher : World Scientific
Page : 616 pages
File Size : 43,6 Mb
Release : 2020-10-12
Category : Business & Economics
ISBN : 9789811221606

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Fundamentals Of Institutional Asset Management by Frank J Fabozzi,Francesco A Fabozzi Pdf

This book provides the fundamentals of asset management. It takes a practical perspective in describing asset management. Besides the theoretical aspects of investment management, it provides in-depth insights into the actual implementation issues associated with investment strategies. The 19 chapters combine theory and practice based on the experience of the authors in the asset management industry. The book starts off with describing the key activities involved in asset management and the various forms of risk in managing a portfolio. There is then coverage of the different asset classes (common stock, bonds, and alternative assets), collective investment vehicles, financial derivatives, common stock analysis and valuation, bond analytics, equity beta strategies (including smart beta), equity alpha strategies (including quantitative/systematic strategies), bond indexing and active bond portfolio strategies, and multi-asset strategies. The methods of using financial derivatives (equity derivatives, interest rate derivatives, and credit derivatives) in managing the risks of a portfolio are clearly explained and illustrated.

Author : Frank J Fabozzi,Francesco A Fabozzi,Marcos Lopez De Prado,Stoyan V Stoyanov
Publisher : World Scientific
Page : 514 pages
File Size : 46,6 Mb
Release : 2020-12-02
Category : Business & Economics
ISBN : 9789811225765

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Asset Management: Tools And Issues by Frank J Fabozzi,Francesco A Fabozzi,Marcos Lopez De Prado,Stoyan V Stoyanov Pdf

Long gone are the times when investors could make decisions based on intuition. Modern asset management draws on a wide-range of fields beyond financial theory: economics, financial accounting, econometrics/statistics, management science, operations research (optimization and Monte Carlo simulation), and more recently, data science (Big Data, machine learning, and artificial intelligence). The challenge in writing an institutional asset management book is that when tools from these different fields are applied in an investment strategy or an analytical framework for valuing securities, it is assumed that the reader is familiar with the fundamentals of these fields. Attempting to explain strategies and analytical concepts while also providing a primer on the tools from other fields is not the most effective way of describing the asset management process. Moreover, while an increasing number of investment models have been proposed in the asset management literature, there are challenges and issues in implementing these models. This book provides a description of the tools used in asset management as well as a more in-depth explanation of specialized topics and issues covered in the companion book, Fundamentals of Institutional Asset Management. The topics covered include the asset management business and its challenges, the basics of financial accounting, securitization technology, analytical tools (financial econometrics, Monte Carlo simulation, optimization models, and machine learning), alternative risk measures for asset allocation, securities finance, implementing quantitative research, quantitative equity strategies, transaction costs, multifactor models applied to equity and bond portfolio management, and backtesting methodologies. This pedagogic approach exposes the reader to the set of interdisciplinary tools that modern asset managers require in order to extract profits from data and processes.

Author : Geoffrey A. Hirt,Stanley B. Block
Publisher : Unknown
Page : 746 pages
File Size : 42,6 Mb
Release : 1999
Category : Investment analysis
ISBN : UCSC:32106014869405

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Fundamentals of Investment Management by Geoffrey A. Hirt,Stanley B. Block Pdf

Author : Söhnke M. Bartram,Jürgen Branke,Mehrshad Motahari
Publisher : CFA Institute Research Foundation
Page : 95 pages
File Size : 47,5 Mb
Release : 2020-08-28
Category : Business & Economics
ISBN : 9781952927034

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Artificial Intelligence in Asset Management by Söhnke M. Bartram,Jürgen Branke,Mehrshad Motahari Pdf

Artificial intelligence (AI) has grown in presence in asset management and has revolutionized the sector in many ways. It has improved portfolio management, trading, and risk management practices by increasing efficiency, accuracy, and compliance. In particular, AI techniques help construct portfolios based on more accurate risk and return forecasts and more complex constraints. Trading algorithms use AI to devise novel trading signals and execute trades with lower transaction costs. AI also improves risk modeling and forecasting by generating insights from new data sources. Finally, robo-advisors owe a large part of their success to AI techniques. Yet the use of AI can also create new risks and challenges, such as those resulting from model opacity, complexity, and reliance on data integrity.

Author : Henry Stamp
Publisher : Unknown
Page : 225 pages
File Size : 49,7 Mb
Release : 2021-12-07
Category : Business & Economics
ISBN : 1682859835

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Fundamentals of Investment Management by Henry Stamp Pdf

Investment management refers to the professional asset management of various securities such as shares and bonds as well as other assets like real estate. It aims to meet the specified investment goals for benefitting the investors. Institutions such as insurance companies, pension funds, corporations and charities can be investors. People who invest directly or through investment contracts and through collective investment schemes are termed as private investors. The investment management of investment funds is referred to as asset management or fund management. Some of the major areas of focus within this field are asset allocation, diversification and long-term returns. This textbook attempts to understand the multiple branches that fall under the discipline of investment management and how such concepts have practical applications. It explores all the important aspects of this field in the present day scenario. This book will provide comprehensive knowledge to the readers.

Author : V.K.Bhalla
Publisher : S. Chand Publishing
Page : 128 pages
File Size : 44,6 Mb
Release : 2006
Category : Business & Economics
ISBN : 9788121927024

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Fundamentals of Investment Management by V.K.Bhalla Pdf

For the students of Management, Commerce, Professional Course of CA, CS, ICWA and Professionals of Financial Institutions. • Thirteen chapters on current major areas have been added to provide exhaustive coverage on recent changes in the world financial markets and the changing compositions of the portfolios.

Author : Frank J. Fabozzi
Publisher : John Wiley & Sons
Page : 884 pages
File Size : 43,9 Mb
Release : 2009-08-25
Category : Business & Economics
ISBN : 9780470538906

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Institutional Investment Management by Frank J. Fabozzi Pdf

The most comprehensive coverage of institutional investment management issues This comprehensive handbook of investment management theories, concepts, and applications opens with an overview of the financial markets and investments, as well as a look at institutional investors and their objectives. From here, respected investment expert Frank Fabozzi moves on to cover a wide array of issues in this evolving field. From valuation and fixed income analysis to alternative investments and asset allocation, Fabozzi provides the best in cutting-edge information for new and seasoned practitioners, as well as professors and students of finance. Contains practical, real-world applications of investment management theories and concepts Uses unique illustrations of factor models to highlight how to build a portfolio Includes insights on execution and measurement of transaction costs Covers fixed income (particularly structured products) and derivatives Institutional Investment Management is an essential read for anyone who needs to hone their skills in this discipline.

Author : Geoffrey Hirt
Publisher : Sem
Page : 128 pages
File Size : 46,5 Mb
Release : 2016-10-13
Category : Electronic
ISBN : 1260094081

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Fundamentals of Investment Management by Geoffrey Hirt Pdf

Author : Charles J. Corrado,Bradford D. Jordan
Publisher : McGraw-Hill
Page : 682 pages
File Size : 43,5 Mb
Release : 2005
Category : Business & Economics
ISBN : 0072829192

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Fundamentals of Investments by Charles J. Corrado,Bradford D. Jordan Pdf

Fundamentals of Investments was written to: 1. Focus on students as investment managers, giving them information they can act on instead of concentrating on theories and research without the proper context. 2. Offer strong, consistent pedagogy, including a balanced, unified treatment of the main types of financial investments as mirrored in the investment world. 3. Organize topics in a way that makes them easy to apply--whether to a portfolio simulation or to real life--and support these topics with hands-on activities. The approach of this text reflects two central ideas. First, there is a consistent focus on the student as an individual investor or investments manager. Second, a consistent, unified treatment of the four basic types of financial instruments--stocks, bonds, options, and futures--focusing on their characteristics and features, their risks and returns, and the markets in which they trade.

Author : Gordon J. Alexander,William F. Sharpe,Jeffery V. Bailey
Publisher : Pearson Educación
Page : 824 pages
File Size : 40,7 Mb
Release : 2001
Category : Business & Economics
ISBN : 9702603757

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Fundamentals of Investments by Gordon J. Alexander,William F. Sharpe,Jeffery V. Bailey Pdf

This introduction provides a clear framework for understanding and analyzing securities, and covers the major institutional features and theories of investing. While the book presents a thorough discussion of investments, the authors keep the material practical, relevant, and easy to understand. The latest developments in investments are brought to life through the use of tables, graphs, and illustrations that incorporate current market information and academic research. An international content deals directly with international securities and securities markets throughout the book--along with currency management and interest rate parity. Up-to-date "Money Matters" articles reflect the latest real-world developments and are provided throughout each chapter to give readers a sense of how practitioners deal with various investment issues and use techniques. Other coverage includes an array of investment tools--presented through discussions on stocks, bonds, and other securities such as options and futures. A guide to reviewing, forecasting, and monitoring--for individuals preparing to make investments or take the CFA exam.

Author : Ben Carlson
Publisher : Wealth of Common Sense
Page : 90 pages
File Size : 44,9 Mb
Release : 2017-02-02
Category : Business & Economics
ISBN : 1541043677

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Organizational Alpha by Ben Carlson Pdf

Institutional investors spend the majority of their time in search of the Holy Grail of investment alpha, or risk-adjusted market outperformance. The problem is far too many organizations and funds fail to first understand whether or not they have what it takes to earn alpha or whether it even makes sense to try. Organizational alpha, on the other hand, is something every institutional investor and nonprofit can achieve, assuming they focus on what they can control and what matters. This book will show institutional investors, board members, trustees, consultants and beneficiaries how the concept of organizational alpha can help them: Recognize the importance of goals-based investing. Think in terms of process over outcomes. Understand the fiduciary duty and what constitutes a breach of that duty. Know the difference between a governing and managing fiduciary. Define their overarching investment philosophy. Make sense of the group dynamic at play when making decisions-by-committee. Ensure more continuity in their investment program. Improve their due diligence and decision-making processes. Choose the right consultant or advisor to help oversee their assets. Find additional sources of alpha. Understand the alternative investment landscape. Appreciate the differences between foundations, endowments and pensions. Document their investment process to cut down on unnecessary mistakes. Make decisions that revolve around the goals and mission of the organization. Set realistic expectations with the understanding that the future is always uncertain. Written by an institutional investor who has spent his entire career working with a wide range of institutional investors from endowments to foundations to pension plans to family offices and other nonprofits, Organizational Alpha is a manual that provides institutional investors with the tools they need to find success in the markets and as organizations.

Author : Charles J. Corrado,Bradford D. Jordan,Yüce, Ay ̧se
Publisher : McGraw-Hill Ryerson
Page : 668 pages
File Size : 40,6 Mb
Release : 2006
Category : Investments
ISBN : 007091611X

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Fundamentals of Investments : Valuation and Management by Charles J. Corrado,Bradford D. Jordan,Yüce, Ay ̧se Pdf

Fundamentals of Investment, Valuation and Management Canadian Edition was written to: 1. Focus on students as investment managers, giving them information they can act on instead of concentrating on theories and research without the proper context. 2. Offer strong, consistent pedagogy, including a balanced, unified treatment of the main types of financial investments as mirrored in the investment world. 3. Organize topics in a way that makes them easy to apply--whether to a portfolio simulation or to real life--and support these topics with hands-on activities.The approach of this text reflects two central ideas. First, there is a consistent focus on the student as an individual investor or investments manager. Second, a consistent, unified treatment of the four basic types of financial instruments--stocks, bonds, options, and futures--focusing on their characteristics and features, their risks and returns, and the markets in which they trade.

Author : David M. Smith,Hany A. Shawky
Publisher : John Wiley & Sons
Page : 418 pages
File Size : 48,8 Mb
Release : 2011-10-27
Category : Business & Economics
ISBN : 9781118148761

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Institutional Money Management by David M. Smith,Hany A. Shawky Pdf

An informative look at institutional investment management methods and practice The policies, practices, and decisions of institutional investment managers worldwide affect the economic health of not only the institutions themselves, but of countless individual clients as well. Overall, this area of finance has great impact on the capital markets. Filled with in-depth insights and practical advice, Institutional Money Management is an important basis of knowledge regarding both the theory and practice of this ever-evolving area of finance. Part of the Robert W. Kolb Series in Finance, this book on institutional investment management showcases contributed chapters from professional and academic experts in banking, insurance companies, mutual funds, pension funds, and endowments. Along the way, issues covered included everything from the role of institutional investors within the financial system and the structures that have emerged and evolved to industry standards of ethical practice and investment performance presentation. Provides a detailed examination of the objectives, constraints, methods, and stakeholders for the dominant types of institutional investors Focuses on the portfolio management strategies and techniques used by institutional investors Contains contributed chapters from numerous thought-leaders in the field of finance The practice of institutional investment management presents a diverse set of challenges. But with this book as your guide, you'll gain a better understanding of how you can overcome these challenges and manage your portfolio more effectively.

Author : Geoffrey Hirt,Stanley Block
Publisher : McGraw-Hill/Irwin
Page : 0 pages
File Size : 54,6 Mb
Release : 2007-09-21
Category : Business & Economics
ISBN : 0077219899

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Fundamentals of Investment Management with S&P bind-in card by Geoffrey Hirt,Stanley Block Pdf

Fundamentals of Investment Management 9th edition by Hirt and Block establishes the appropriate theoretical base of investments, while at the same time applying this theory to real-world examples. Students will be able to translate what they have learned in the course to actual participation in the financial markets. The textbook provides students with a survey of the important areas of investments: valuation, the marketplace, fixed income instruments and markets, equity instruments and markets, derivative instruments, and a cross-section of special topics, such as international markets and mutual funds. The authors approach financial analysis the way it is done by many Wall Street firms. Geoff Hirt directed the CFA program for the Investment Analysts Society of Chicago (now the CFA Institute of Chicago) for 15 years and sat on the board of directors from 2002 to 2005. Stan Block has been a practicing CFA for over 20 years. Both professors have taught and advised student managed investment funds at their universities and bring this wealth of learning experiences to the students who study from this text. The authors are user friendly, but make no concessions to the importance of covering the latest and most important material for the student of investments.

Author : Ignazio Basile,Pierpaolo Ferrari
Publisher : Springer
Page : 468 pages
File Size : 51,9 Mb
Release : 2018-06-07
Category : Business & Economics
ISBN : 3319813714

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Asset Management and Institutional Investors by Ignazio Basile,Pierpaolo Ferrari Pdf

This book analyses investment management policies for institutional investors. It is composed of four parts. The first one analyses the various types of institutional investors, institutions which, with different objectives, professionally manage portfolios of financial and real assets on behalf of a wide variety of individuals. This part goes on with an in-depth analysis of the economic, technical and regulatory characteristics of the different types of investment funds and of other types of asset management products, which have a high rate of substitutability with investment funds and represent their natural competitors. The second part of the book identifies and investigates the stages of the investment portfolio management. Given the importance of strategic asset allocation in explaining the ex post performance of any type of investment portfolio, this part provides an in-depth analysis of asset allocation methods, illustrating the different theoretical and operational solutions available to institutional investors. The third part describes performance assessment, its breakdown and risk control, with an in-depth examination of performance evaluation techniques, returns-based style analysis approaches, and performance attribution models. Finally, the fourth part deals with the subject of diversification into alternative asset classes, identifying the common characteristics and their possible role within the framework of investment management policies. This part analyses hedge funds, private equity, real estate, commodities, and currency overlay techniques.