Active Portfolio Management has 85 ratings and 7 reviews. Richard Grinold and Ronald Kahn, today retired and at BlackRock respectively, share a history in . “This new edition of Active Portfolio Management continues the standard of excellence established in the first edition, with new and clear insights to help. Find Active Portfolio Management by Kahn, Richard Grinold; Ronald at Biblio. Uncommonly good collectible and rare books from uncommonly good booksellers.

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Richard GrinoldRonald Kahn Snippet view – Manqgement, over the years I find myself returning to the key concepts of the book over and over again.

Like its predecessor, this volume details how to apply economics, econometrics, and operations research to solving practical investment problems, and uncovering superior profit opportunities. Don’t have an account?

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Alex Burns rated it it was amazing Nov 02, Placing restrictions on the amount of cash in the portfolio lowers IR, so does demanding sector neutrality in an equity portfolio etc.

Don’t already have an Oxford Academic account? I refer to it weekly at work.

Alternatively, the book could play a valuable supporting role in an investments course as optional outside reading. It revisits a number of discussions from the first edition, shedding new light on some of today’s most pressing issues, managsment risk, dispersion, market impact, and performance analysis, while providing empirical evidence where appropriate. MichaudRobert O.

The result is an updated, comprehensive set of strategic concepts and rules of thumb for guiding the process of-and increasing the profits from-active investment management.


Sign in via your Institution Sign in. Kahn Author McGraw-Hill authors represent the leading experts in their fields and are dedicated to improving the lives, careers, and interests of readers worldwide More about Ronald N. Receive exclusive offers and updates from Oxford Academic. It’s a highly quantitative read that will make your undergraduate math courses valuable, literally.

Be the first to ask a question about Active Portfolio Management. Purchase Subscription prices and ordering Short-term Access To purchase short term access, please sign in to your Oxford Academic account above. A reference classic, and surprisingly well written.

Andrew Bartels rated it it was amazing Manaegment 04, Related articles in Google Scholar. Karen Ma rated it it was amazing Jul 13, Lists with This Book. By outlining an innovative process mwnagement uncover porttolio signals of asset returns, develop them into refined forecasts, then use those forecasts to construct portfolios of exceptional return and minimal risk, i. If a new opportunity is fully correlated to a previous one it adds no IR. The level of math required is not a big deal, it is just that formul I read this book because it was recommended for Coursera course: A Dynamic Process John L.

Aug 21, InvestingByTheBooks. Even though the book is full of financial theory the approach is practical. He is on the editorial advisory board of the Journal of Portfolio Management and the Journal of Investment Consulting. Giovanni rated it it was ok Apr 01, The result is an updated, comprehensive set of strategic concepts and rules of thumb for guiding the process of-and increasing the profits mangaement investment management.

Active Portfolio Management

Bill rated it really liked it Sep 14, However, it could make an excellent textbook for a second-year MBA course in quantitative portfolio management; the authors mention this as a possible use of the book. It outlines an active management framework that begins with managemsnt benchmark portfolio, then defines exceptional returns as they relate to that benchmark.


Open Preview See a Problem? Mathematically rigorous and meticulously organized, Active Portfolio Management broke new ground when it first became available to investment managers in There is a substantial expansion in both depth and breadth on the original.

The payoff would be a class full of students who could not complain that the course was not practically relevant. Asset Encumbrance, Bank Funding, and Fragility. The book tries to do a mathematical approach to portfolio management, but mathematical formulas come out of the blue, with no previous explanation or justification.

Daniel Walker rated it really liked it Oct 05, IC is about the quality of investment opportunities while BR is about the quantity of investment opportunities through coverage of more securities or a higher mannagement of opportunities.

Thanks for telling us about the problem. There is a substantial expansion in both depth and breadth on the original.

This book communicates the background of investment extremely well. Want to Read Currently Reading Read. Not recommended for fun read, but a complete must-have for active portfolio managers’ knowledge base.