书目

The Endowment Model of Investing: Return, Risk, and Diversification (Wiley Finance)

内容简介

Acutting-edgelookattheendowmentmodelofinvestingManylargerendowmentsandfoundationshaveadoptedabroadlydiversifiedassetallocationstrategywithonlyasmallamountoftraditionalU.S.equitiesandbonds.Thistechnique,knownasthe"endowmentmodelofinvesting,"hasdemonstratedconsistentlong-termperformanceandattractedtheattentionofnumerousinstitutionalandindividualinvestors.WithTheEndowmentModelofInvestingLeibowitz,Bova,andHammondtakeacloserlookattheendowmentmodelwithcustomaryresearchsophisticationandattentiontodetail.Throughoutthebook,theyexaminehowthemodelprovidestrulyoutstandingrealreturns,whilekeepingacloseeyeontherisksassociatedwiththismethodofinvesting.Alongtheway,theauthorsofferpracticaladviceonincorporatingtheendowmentmodelintoyourowninvestmentendeavorsandrevealwhatittakestomakethismethodworkintherealworld.DetailsthegrowingdebateabouttheendowmentmodelofinvestinganddiscusseshowtouseitsuccessfullyWrittenbyanauthorityonendowmentinvestingandnon-traditionalassetallocationstrategiesOffersexpertinsightsonunderstandingriskandreturninnontraditionalassetallocationIfyouwanttogainabettergraspofoneofthemostsuccessfulformsofinvesting,thenTheEndowmentModelofInvestingisabookyouneedtoread.

作者简介

MartinL.LeibowitzisManagingDirectorintheU.S.ResearchDepartmentatMorganStanley.PriortoworkingatMorganStanley,hewasvicechairmanandchiefinvestmentofficerofTIAA-CREF.Leibowitzisaleadingauthorityinthefieldsofsecurityanalysisandportfolioallocation.Heistheauthoroffourbooks,includingFranchiseValue,and138articles,eightofwhichhavewontheprestigiousGrahamandDoddAwardforexcellenceinfinancialwriting.AnthonyBovaisaVicePresidentintheMorganStanleyResearchDepartment,focusingoninstitutionalportfoliostrategy.HerecentlywontheninthannualBernsteinFabozzi/JacobsLevyAwardforcoauthoringthearticle"GatheringImplicitAlphasinaBetaWorld,"whichranintheSpring2007issueoftheJournalofPortfolioManagement.P.BrettHammondisaManagingDirectorandChiefInvestmentStrategistforTIAA-CREFAssetManagement.Hisgroupisresponsibleforassetallocationmodeling,institutionaladvising,economicandmarketcommentary,andinvestmentproductandportfolioresearch.WithinTIAA-CREF,Hammondhasalsopublishedextensivelyonpensionissues,developednewapproachestoperformanceattribution,andplayedakeyroleinthecreationofthecompany'slife-cycleinflation-linkedbondfunds.

丛书

Wiley Finance Series

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