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

The Endowment Model of Investing: Return, Risk, and Diversification (Wiley Finance)
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作者: , ,
出版社: Wiley
2010-04
版次: 1
ISBN: 9780470481769
定价: 533.90
装帧: 精装
开本: 其他
纸张: 其他
页数: 334页
正文语种: 英语
1人买过
  • Acutting-edgelookattheendowmentmodelofinvestingManylargerendowmentsandfoundationshaveadoptedabroadlydiversifiedassetallocationstrategywithonlyasmallamountoftraditionalU.S.equitiesandbonds.Thistechnique,knownasthe"endowmentmodelofinvesting,"hasdemonstratedconsistentlong-termperformanceandattractedtheattentionofnumerousinstitutionalandindividualinvestors.WithTheEndowmentModelofInvestingLeibowitz,Bova,andHammondtakeacloserlookattheendowmentmodelwithcustomaryresearchsophisticationandattentiontodetail.Throughoutthebook,theyexaminehowthemodelprovidestrulyoutstandingrealreturns,whilekeepingacloseeyeontherisksassociatedwiththismethodofinvesting.Alongtheway,theauthorsofferpracticaladviceonincorporatingtheendowmentmodelintoyourowninvestmentendeavorsandrevealwhatittakestomakethismethodworkintherealworld.DetailsthegrowingdebateabouttheendowmentmodelofinvestinganddiscusseshowtouseitsuccessfullyWrittenbyanauthorityonendowmentinvestingandnon-traditionalassetallocationstrategiesOffersexpertinsightsonunderstandingriskandreturninnontraditionalassetallocationIfyouwanttogainabettergraspofoneofthemostsuccessfulformsofinvesting,thenTheEndowmentModelofInvestingisabookyouneedtoread. 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.
  • 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.
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