Investment Theory and Risk Management, + Website (Wiley Finance)[投资理论和风险管理+网站(丛书)]

AuniqueperspectiveonappliedinvestmenttheoryandriskmanagementfromtheSeniorRiskOfficerofamajorpensionfundInvestmentTheoryandRiskManagementisapracticalguidetotoday'sinvestmentenvironment.Thebook'ssophisticatedquantitativemethodsareexaminedbyanauthorwhousesthesemethodsattheVirginiaRetirementSystemandteachesthemattheVirginiaCommonwealthUniversity.Inadditiontoshowinghowinvestmentperformancecanbeevaluated,usingJensen'sAlpha,Sharpe'sRatio,andDDM,hedelvesintofourtypesofoptimalportfolios(onethatisfullyinvested,onewithtargetedreturns,anotherwithnoshortsales,andonewithcappedinvestmentallocations).Inaddition,thebookprovidesvaluableinsightsonrisk,andtopicssuchasanomalies,factormodels,andactiveportfoliomanagement.Otherchaptersfocusonprivateequity,structuredcredit,optimalrebalancing,dataproblems,andMonteCarlosimulation.Containsinvestmenttheoryandriskmanagementspreadsheetmodelsbasedontheauthor'sownreal-worldexperiencewithstock,bonds,andalternativeassetsOffersadown-to-earthguidethatcanbeusedonadailybasisformakingcommonfinancialdecisionswithanewlevelofquantitativesophisticationandrigorWrittenbytheDirectorofResearchandSeniorRiskOfficerfortheVirginiaRetirementSystemandanAssociateProfessoratVirginiaCommonwealthUniversity'sSchoolofBusinessInvestmentTheoryandRiskManagementempowersboththetechnicalandnon-technicalreaderwiththeessentialknowledgenecessarytounderstandandmanagerisksinanycorporateoreconomicenvironment.