Portfolio Theory and Performance Analysis (The Wiley Finance Series)
Francis was an assistant professor of finance at the University of Pennsylvania's Wharton School of Finance for five years and was a Federal Reserve economist for two years. Previously, he was a finance professor at Rutgers University. Francis and Kim review the works of a generation of financial economists and pull these together under a single set of mathematical conventions.
Their writing style is easy-to-read and the chapters flow logically.
6 editions of this work
The early chapters deal with the original material created by Markowitz, Tobin, and Sharpe whereas succeeding chapters deal with more recent developments. Readers who wish to avoid complex derivations and proofs may do so easily because the book is organized so this rigorous material is in the end-of-chapter appendices and footnotes.
This work is comprehensive and accessible, and will reward either classroom or individual study. Their writing style is easy to read, and the chapters flow logically.
They compile many of the derivative works, drilling down on each topic, and, in the final analysis, pull together a unified portfolio theory using a single set of conventions. The Markowitz theory is central to portfolio management, and this book provides a thorough, up-to-date treatment of the topic. This book is well organized and easy to read. Francis and Kim review the theoretical underpinnings of the seminal models, as well as provide rigorous analyses of real-world applications, advanced mathematics, and empirical tests.
In the aftermath of the global financial crisis, finance and risk professionals must do a better job in understanding the theory, applications, and limitations of financial models. This book represents a major contribution in this endeavor. To that end, this book provides readers with access to a companion website filled with supplementary materials, allowing you to continue to learn in a hands-on fashion long after closing the book.
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Skip to Content. Catalogue Modern portfolio theory: foundations, analysis, and Electronic books.
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Syllabus and more | Antonio Fasano - Luiss Guido Carli
You can't reserve this item for one of the following reasons: It is available on the shelf at your home library. It is a reference-only item. Portfolio Theory and Performance Analysis. Noel Amenc , Veronique Le Sourd. For many years asset management was considered to be a marginal activity, but today, it is central to the development of financial industry throughout the world.
Asset management's transition from an "art and craft" to an industry has inevitably called integrated business models into question, favouring specialisation strategies based on cost optimisation and learning curve objectives. This book connects each of these major categories of techniques and practices to the unifying and seminal conceptual developments of modern portfolio theory.