Portfolios And Beyond

Author : Jon Lukomnik,James P. Hawley
Publisher : Routledge
Page : 175 pages
File Size : 55,9 Mb
Release : 2021-04-29
Category : Business & Economics
ISBN : 9781000376159

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Moving Beyond Modern Portfolio Theory by Jon Lukomnik,James P. Hawley Pdf

Moving Beyond Modern Portfolio Theory: Investing That Matters tells the story of how Modern Portfolio Theory (MPT) revolutionized the investing world and the real economy, but is now showing its age. MPT has no mechanism to understand its impacts on the environmental, social and financial systems, nor any tools for investors to mitigate the havoc that systemic risks can wreck on their portfolios. It’s time for MPT to evolve. The authors propose a new imperative to improve finance’s ability to fulfil its twin main purposes: providing adequate returns to individuals and directing capital to where it is needed in the economy. They show how some of the largest investors in the world focus not on picking stocks, but on mitigating systemic risks, such as climate change and a lack of gender diversity, so as to improve the risk/return of the market as a whole, despite current theory saying that should be impossible. "Moving beyond MPT" recognizes the complex relations between investing and the systems on which capital markets rely, "Investing that matters" embraces MPT’s focus on diversification and risk adjusted return, but understands them in the context of the real economy and the total return needs of investors. Whether an investor, an MBA student, a Finance Professor or a sustainability professional, Moving Beyond Modern Portfolio Theory: Investing That Matters is thought-provoking and relevant. Its bold critique shows how the real world already is moving beyond investing orthodoxy.

Author : Todd E. Petzel
Publisher : John Wiley & Sons
Page : 659 pages
File Size : 45,6 Mb
Release : 2021-09-08
Category : Business & Economics
ISBN : 9781119818199

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Modern Portfolio Management by Todd E. Petzel Pdf

Get a practical and thoroughly updated look at investment and portfolio management from an accomplished veteran of the discipline In Modern Portfolio Management: Moving Beyond Modern Portfolio Theory, investment executive and advisor Dr. Todd E. Petzel delivers a grounded and insightful exploration of developments in finance since the advent of Modern Portfolio Theory. You’ll find the tools and concepts you need to evaluate new products and portfolios and identify practical issues in areas like operations, decision-making, and regulation. In this book, you’ll also: Discover why Modern Portfolio Theory is at odds with developments in the field of Behavioral Finance Examine the never-ending argument between passive and active management and learn to set long-term goals and objectives Find investor perspectives on perennial issues like corporate governance, manager turnover, fraud risks, and ESG investing Perfect for institutional and individual investors, investment committee members, and fiduciaries responsible for portfolio construction and oversight, Modern Portfolio Management is also a must-read for fund and portfolio managers who seek to better understand their investors.

Author : Sebastien Page
Publisher : McGraw Hill Professional
Page : 256 pages
File Size : 53,5 Mb
Release : 2020-11-10
Category : Business & Economics
ISBN : 9781260474886

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Beyond Diversification: What Every Investor Needs to Know About Asset Allocation by Sebastien Page Pdf

Generate solid, long-term profits with a portfolio allocated for your investing needs Asset allocation is the key to investing performance. Unfortunately, no single approach works perfectly—developing the right balance requires a clear-eyed look at the many models available to you, various investing methodologies, and your or your client’s level of risk tolerance. And that’s where this important guide comes in. Written by a leading allocation expert from T. Rowe Price, Beyond Diversification provides the knowledge, insights, and approaches you need to make the best allocation decisions for your goals. This deep dive into the how’s and why’s of asset allocation is organized by the three decisive components of a successfully allocated portfolio: Return Forecasting discusses the desired return investors seek. Risk Forecasting covers the level of risk investors are prepared to assume to achieve that return. Portfolio Construction calibrates the stock-bond mix that balances the risks and returns. With examples from T. Rowe Price’s asset allocation team showing you how the process works in the real world, Beyond Diversification provides everything you need to find the asset combination that will deliver the results you seek. You’ll learn how to choose the right tradeoffs, build the most effective asset allocation combination for your needs, and dramatically increase your odds of success for the long run.

Author : Thomas Meyer,Pierre-Yves Mathonet
Publisher : John Wiley & Sons
Page : 405 pages
File Size : 52,8 Mb
Release : 2005-08-12
Category : Business & Economics
ISBN : 9780470011980

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Beyond the J Curve by Thomas Meyer,Pierre-Yves Mathonet Pdf

In recent times, venture capital and private equity funds have become household names, but so far little has been written for the investors in such funds, the so-called limited partners. There is far more to the management of a portfolio of venture capital and private equity funds than usually perceived. Beyond the J Curve describes an innovative toolset for such limited partners to design and manage portfolios tailored to the dynamics of this market place, going far beyond the typical and often-simplistic recipe to 'go for top quartile funds'. Beyond the J Curve provides the answers to key questions, including: Why 'top-quartile' promises should be taken with a huge pinch of salt and what it takes to select superior fund managers? What do limited partners need to consider when designing and managing portfolios? How one can determine the funds' economic value to help addressing the questions of 'fair value' under IAS 39 and 'risk' under Basel II or Solvency II? Why is monitoring important, and how does a limited partner manage his portfolio? How the portfolio's returns can be improved through proper liquidity management and what to consider when over-committing? And, why uncertainty rather than risk is an issue and how a limited partner can address and benefit from the fast changing private equity environment? Beyond the J Curve takes the practitioner's view and offers private equity and venture capital professionals a comprehensive guide making high return targets more realistic and sustainable. This book is a must have for all parties involved in this market, as well as academic and students.

Author : Donna J. Cole
Publisher : Corwin Press
Page : 108 pages
File Size : 51,6 Mb
Release : 2000
Category : Education
ISBN : 0761975349

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Portfolios Across the Curriculum and Beyond by Donna J. Cole Pdf

PLEASE UPDATE SAGE INDIA AND SAGE U.K. ADDRESSES ON IMPRINT PAGE.

Author : Pierre-Yves Mathonet,Thomas Meyer
Publisher : John Wiley & Sons
Page : 476 pages
File Size : 41,8 Mb
Release : 2008-07-31
Category : Business & Economics
ISBN : 0470723408

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J-Curve Exposure by Pierre-Yves Mathonet,Thomas Meyer Pdf

Building on the success of the author’s previous book Beyond the J Curve:Managing a Portfolio of Venture Capital and Private Equity Funds, this work covers new and additional material and offers advanced guidance on the practical questions faced by institutions when setting up and managing a successful private equity investment programme. Written from the practitioner’s viewpoint, the book offers private equity and venture capital professionals an advanced guide that will make high return targets more realistic and sustainable. Factors that can sometimes cause institutions to shy away from venture capital are the industry’s opaque track record, unclear valuations and risks, perceived lack of transparency as well as the significant entry barriers to overcome before tangible results show. These issues are all addressed in details with practical solutions to the problems. Among other topics J-Curve Exposure includes discussions of: Experiences with the adoption of the International Private Equity and Venture Capital Valuation Guidelines to address fair value under IFRS. Approaches for splitting and prioritizing distributions from private equity funds. Techniques for track record analysis and other tools to help limited partners in their due diligence. Approaches to dealing with uncertainty, the relevance of real options, and co-investments and side funds as advanced portfolio management techniques. Questions related to limited partner decision making fallacies and how to manage portfolios of VC funds. Securitization backed by portfolios of investments in private equity funds. Real life case studies illustrate the issues relevant for the practitioner.

Author : Abraham Okusanya
Publisher : Createspace Independent Publishing Platform
Page : 228 pages
File Size : 47,6 Mb
Release : 2018-03-05
Category : Electronic
ISBN : 1985721643

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Beyond the 4% Rule by Abraham Okusanya Pdf

Cogent, comprehensive, and entertaining, joins the best yet written in the field!' - Bill Bengen, the father of the '4% rule.' 'An effervescent contribution to the growing decumulation literature.' - Gregg McClymont, Shadow Pensions Minister (2011-2015) 'Abraham has done a great job exploring how the retirement research can be applied to UK retirees' - Michael Kitces MSFS, CFP, Partner at Pinnacle Advisory Group Retirement income planning used to be so simple. Most people never had to worry about how to convert their retirement savings into income for the rest of their lives. Today's low annuity rates, closure of increasing numbers of defined benefit schemes and the Pension Freedoms, introduced by the UK Government in 2015, ripped up the retirement income planning rulebook. The book confronts the challenge of how to secure a sustainable income that lasts a lifetime from your portfolio. It delves into the detail of the various withdrawal strategies, asset allocation and the unavoidable question of how long before you pop your clogs. This book helps retirees and their advisers navigate the treacherous retirement income landscape, using sound empirical evidence and practical application.

Author : Andrew W. Lo,Stephen R. Foerster
Publisher : Princeton University Press
Page : 416 pages
File Size : 55,8 Mb
Release : 2023-05-16
Category : Business & Economics
ISBN : 9780691229881

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In Pursuit of the Perfect Portfolio by Andrew W. Lo,Stephen R. Foerster Pdf

How the greatest thinkers in finance changed the field and how their wisdom can help investors today Is there an ideal portfolio of investment assets, one that perfectly balances risk and reward? In Pursuit of the Perfect Portfolio examines this question by profiling and interviewing ten of the most prominent figures in the finance world—Jack Bogle, Charley Ellis, Gene Fama, Marty Leibowitz, Harry Markowitz, Bob Merton, Myron Scholes, Bill Sharpe, Bob Shiller, and Jeremy Siegel. We learn about the personal and intellectual journeys of these luminaries—which include six Nobel Laureates and a trailblazer in mutual funds—and their most innovative contributions. In the process, we come to understand how the science of modern investing came to be. Each of these finance greats discusses their idea of a perfect portfolio, offering invaluable insights to today’s investors. Inspiring such monikers as the Bond Guru, Wall Street’s Wisest Man, and the Wizard of Wharton, these pioneers of investment management provide candid perspectives, both expected and surprising, on a vast array of investment topics—effective diversification, passive versus active investment, security selection and market timing, foreign versus domestic investments, derivative securities, nontraditional assets, irrational investing, and so much more. While the perfect portfolio is ultimately a moving target based on individual age and stage in life, market conditions, and short- and long-term goals, the fundamental principles for success remain constant. Aimed at novice and professional investors alike, In Pursuit of the Perfect Portfolio is a compendium of financial wisdom that no market enthusiast will want to be without.

Author : Kathleen Yancey
Publisher : Unknown
Page : 428 pages
File Size : 43,9 Mb
Release : 1997-02
Category : Business & Economics
ISBN : UOM:39015036094277

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Situating Portfolios by Kathleen Yancey Pdf

Situating Portfolios is both reflective and forward-looking, practice-oriented but well-grounded in theory. Kathleen Yancey and Irwin Weiser bring together thirty-one writing teachers from diverse levels of instruction, institutional settings, and regions to create an inviting volume on current practice in portfolio writing assessment. The contributors here reflect on the explosion in portfolio practice over the last decade, why it happened, what comes next; discuss portfolios in hypertext, the web, and other electronic spaces; report on current and new contexts, from emergent literacy to faculty development, in which portfolios now appear; and consider emerging trends and issues that are involving portfolios in teacher assessment, faculty development, and graduate student experience. An energetic volume, Situating Portfolios gathers a wide range of experience and thinking into one stimulating discussion. It's a book that will be of interest to writing teachers and teacher educators at all levels.

Author : Susan Mandel Glazer,Carol Smullen Brown
Publisher : Unknown
Page : 200 pages
File Size : 51,5 Mb
Release : 1993
Category : Education
ISBN : UOM:49015001366591

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Portfolios and Beyond by Susan Mandel Glazer,Carol Smullen Brown Pdf

Author : Mounir Ajam
Publisher : CRC Press
Page : 266 pages
File Size : 44,7 Mb
Release : 2018-01-02
Category : Business & Economics
ISBN : 9781351783965

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Project Management beyond Waterfall and Agile by Mounir Ajam Pdf

This book goes beyond the paint by numbers approach, transcending the "how" of project management to the "what" and "why," which is critical for leaders of change. — Dr. Joel B. Carboni, President and Founder, GPM Global and President, IPMA-USA Project Management beyond Waterfall and Agile presents a flexible, universal, and integrated three-dimensional model for managing projects, the Customizable and Adaptable Methodology for Managing ProjectsTM (CAMMPTM ). By tailoring and customizing the model to a specific industry or organization and by adapting it to a function or project classification, this model can be used to manage any project. CAMMPTM can also be used both in a traditional or an Agile environment. CAMMPTM integrates leading concepts on competence, processes, and sustainability. The model’s three dimensions are project lifecycle, project management processes, and, finally, competence, sustainability, and best practices. The book explains how to integrate these dimensions to manage a project across the three dimensions and the project stages. CAMMPTM is a stage-gate process, which is vital for project success. The current state of practice in project management is not sustainable. The root causes of this problem include a lack of standardized processes, missing methods or methodological approaches, and no real organizational system for managing projects. This book introduces a system to address these shortcomings. It focuses on the elements of this system, which is a practical and systematic methodological approach for managing and delivering all types of projects. CAMMPTM integrates the best learning from the various global associations in the field. The book distills the experience and knowledge of a practitioner working in different roles for more than three decades on various types of projects of all sizes and complexities. It is a practical book by a practitioner writing for practitioners.

Author : Benjamin C. Halliburton
Publisher : Forbesbooks
Page : 0 pages
File Size : 43,7 Mb
Release : 2019-02-14
Category : Business & Economics
ISBN : 1946633437

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Wiser Investing by Benjamin C. Halliburton Pdf

Diversification Works Many investors share a short-term outlook, narrowing their focus so much that they miss the long game being strategically implemented by the uber-wealthy and institutions. While you've not been doing anything wrong by using just stocks and bonds, what if you could now obtain wiser investment strategies? Don't put all your eggs in one basket when building your portfolio. In Wiser Investing: Diversify Your Portfolio Beyond Stocks and Bonds, Benjamin C. Halliburton will teach you strategies that can help you build and protect your wealth, produce extra income, and help you secure your future. You'll learn that even though investors may be playing a great game with only stocks and bonds, their hand is only utilizing a portion of the available cards in the investment deck. No one wants to be worrying about their investments and wondering if they will have enough capital and income to take care of themselves and their families. This book explores a way to potentially improve your portfolio and become a wiser investor.

Author : Michael A. Ervolini
Publisher : MIT Press
Page : 301 pages
File Size : 44,9 Mb
Release : 2023-05-09
Category : Business & Economics
ISBN : 9780262547901

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Managing Equity Portfolios by Michael A. Ervolini Pdf

A groundbreaking framework for improving portfolio performance that goes beyond traditional analytics, offering new ways to understand investment skills, process, and behaviors. Portfolio management is a tough business. Each day, managers face the challenges of an ever-changing and unforgiving market, where strategies and processes that worked yesterday may not work today, or tomorrow. The usual advice for improving portfolio performance—refining your strategy, staying within your style, doing better research, trading more efficiently—is important, but doesn't seem to affect outcomes sufficiently. This book, by an experienced advisor to institutional money managers, goes beyond conventional thinking to offer a new analytic framework that enables investors to improve their performance confidently, deliberately, and simply, by applying the principles of behavioral finance. W. Edwards Deming observed that you can't improve what you don't measure. Active portfolio management lacks methods for measuring key inputs to management success like skills, process, and behavioral tendencies. Michael Ervolini offers a conceptually straightforward and well-tested framework that does just that, with evidence of how it helps managers enhance self-awareness and become better investors. In a series of short, accessible chapters, Ervolini investigates a range of topics from psychology and neuroscience, describing their relevance to the challenges of portfolio management. Finally, Ervolini offers seven ideas for improving. These range from maintaining an investment diary to performing rudimentary calculations that quantify basic skills; each idea, or “project,” helps managers gain a deeper understanding of their strengths and shortcomings and how to use this knowledge to improve investment performance.

Author : William Burckart,Steven Lydenberg
Publisher : Berrett-Koehler Publishers
Page : 154 pages
File Size : 44,7 Mb
Release : 2021-04-13
Category : Business & Economics
ISBN : 9781523091096

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21st Century Investing by William Burckart,Steven Lydenberg Pdf

How institutions and individuals can address complex social, financial, and environmental problems on a systemic level—and invest in a more secure future. Investment today has evolved from the basic, conventional approach of the past. Investors have come to recognize the importance of sustainable investment and are more frequently considering environmental and social factors in their decisions. Yet the complexity of the times forces us to recognize and transition to a third stage of investment practice: system-level investing. In this paradigm-shifting book, William Burckart and Steve Lydenberg show how system-level investors support and enhance the health and stability of the social, financial, and environmental systems on which they depend for long-term returns. They preserve and strengthen these fundamental systems while still generating competitive or otherwise acceptable performance. This book is for those investors who believe in that transition. They may be institutions, large or small, concerned about the long-term stability of the environment and society. They may be individual investors who want their children and grandchildren to inherit a just and sustainable world. Whoever they may be, Burckart and Lydenberg show them the what, why, and how of system-level investment in this book: what it means to manage system-level risks and rewards, why it is imperative to do so now, and how to integrate this new way of thinking into their current practice. “Burckart and Lydenberg are the Wayne Gretzkys of investing: Showing us not where investing is, but where it’s going.” —Jon Lukomnik, Managing Partner, Sinclair Capital; Senior Fellow, High Meadows Institute

Author : Gökhan Kula,Martin Raab,Sebastian Stahn
Publisher : John Wiley & Sons
Page : 263 pages
File Size : 47,9 Mb
Release : 2017-04-06
Category : Business & Economics
ISBN : 9781119315278

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Beyond Smart Beta by Gökhan Kula,Martin Raab,Sebastian Stahn Pdf

Delve into ETFs for smarter investing and a weatherproof portfolio Beyond Smart Beta is the investor's complete guide to index investing, with deep analysis, expert clarification and smart strategies for active portfolio management. From the general to the obscure, this book digs into every aspect of Exchange Traded Funds (ETFs) including ETCs and ETNs to break down the jargon and provide accessible guidance on utilising the indices as part of a more productive investment strategy. Succinct explanations of terms and concepts help you better grasp ETP anatomy, mechanics and practices, while examples, charts and graphs provide quick visual reference for total understanding. The expert author team examines the risks and benefits associated with various indexing approaches, sharing critical review of next-generation methods to help you make well-informed investment decisions. ETFs provide a solid foundation within mature and well-researched markets, allowing investors to focus on areas where active management has the potential to reap higher returns. This book shows you how to take full advantage of the growth of this market to strengthen your portfolio for the long term. Assess the current landscape and the anatomy of ETFs/ETPs Understand ETP handling, costs, trading, and investment Evaluate the pros and cons of next-generation indexing approaches Avoid risk while incorporating indices into an active portfolio management strategy Index concepts have evolved from basic, passive investments through Smart Beta, and are evolving into a third generation of products that will quickly become an important element of investor portfolios. Key benefits have propelled ETFs to surpass hedge funds in global capital, and the growth shows no sign of slowing. Beyond Smart Beta provides a primer for investors seeking to understand — and take advantage of — these lucrative new products.