ActiveBeta Indexes: Capturing Systematic Sources of Active Equity Returns (Wiley Finance)

ActiveBeta Indexes: Capturing Systematic Sources of Active Equity Returns (Wiley Finance)
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作者: , , ,
出版社: Wiley
2010-03
版次: 1
ISBN: 9780470610022
定价: 355.60
装帧: 精装
开本: 其他
纸张: 其他
页数: 215页
正文语种: 英语
  • AninformativeguideofferingnewandinnovativewaystothinkaboutactivemanagementandinvestingActiveBetaIndexespresentsexcitingnewresearchthatshowshowabove-marketreturnscanbeachievedinalow-cost,transparent,andefficientfashion.?ActiveBetasreflectfundamentalinvestmentprinciplesthathavelongbeenthefoundationofactiveequityreturns,butarecommonlymasqueradedasinvestmentskill,oralpha.?Thisgroundbreakingbookliftstheveiltouncoverthecommonsourcesofactivereturnsandrevealstheirbeta-likeproperties.DevelopedbyleadinginvestmentpractitionersatWestpeakGlobalAdvisors,ActiveBetaIndexesintroducesActiveBetasourcesandexplainshowthebehaviorofshort-andlong-termearningsgrowthgivesrisetosystematicsourcesofactiveequityreturns.-Detailsanewindexframeworkandresearchfindingsthatcouldchangethefaceofactiveportfoliomanagement-Presentspatent-pendinginnovationsforconstructingstyleindexesandinformationally-efficientactiveportfolios-ExploresthehistoricalperformanceofActiveBetaIndexesWealthadvisers,consultants,pensionsandendowments,andotherinstitutionalinvestorswillfindtheintellectualhonestyofActiveBetaIndexesarefreshingperspectiveontheactivemanagementindustry.?Theywillalsofinditausefulguidetoamorestrategicallocationoftheirriskandmanagementfeebudgets–agrowingnecessityinthesechallengingtimes. KhalidGhayuristheCEOandCIOofWestpeakGlobalAdvisors,LP.Hewasdirectorofresearchpolicy,amemberoftheGlobalExecutiveCommittee,andchairmanoftheIndexPolicyCommitteeatMorganStanleyCapitalInternational(MSCI)Barra.Priortothis,hewasglobalheadofquantitativeresearchandstrategyforHSBCGlobalAssetManagement.HeisaCFAcharterholder,hasservedontheBoardofGovernorsoftheCFAInstitute,andisaformertrusteeoftheCFAInstituteResearchFoundation.HereceivedanMBAinfinanceandinternationalbusinessfromtheécoleNationaledesPontsetChausséesandanMAandBAineconomicsfromtheUniversityofKarachi.RonanG.HeaneyisDirectorofResearchatWestpeak.BeforejoiningWestpeak,hewasasoftwarearchitectwithMultumInformationServicesandaseniorsoftwaredeveloperatSwissBankCorp.HeholdsanMSincomputersciencefromPurdueUniversityandaBSinappliedphysicsfromDublinCityUniversity,Ireland.StephenA.KomonisaSeniorPortfolioManageratWestpeak.Priortothis,hewasvicepresidentofforeignexchangeandcommoditiesatJ.P.Morgan&Co.,andhealsoheldpositionswithUBSAG/SwissBankandDeanWitterReynolds.HeholdsanMBAinfinanceandaccountingfromtheUniversityofChicagoBoothSchoolofBusinessandaBSincommercefromtheUniversityofVirginia.HeisalsoaCFAcharterholder.StephenC.PlattisDirectorofPortfolioManagementatWestpeak.BeforejoiningWestpeak,hecofoundedandwasaseniorvicepresidentofCordilleraAssetManagement.HeholdsaBSinfinancefromtheUniversityofColoradoLeedsSchoolofBusinessandisaCFAcharterholder.
  • 内容简介:
    AninformativeguideofferingnewandinnovativewaystothinkaboutactivemanagementandinvestingActiveBetaIndexespresentsexcitingnewresearchthatshowshowabove-marketreturnscanbeachievedinalow-cost,transparent,andefficientfashion.?ActiveBetasreflectfundamentalinvestmentprinciplesthathavelongbeenthefoundationofactiveequityreturns,butarecommonlymasqueradedasinvestmentskill,oralpha.?Thisgroundbreakingbookliftstheveiltouncoverthecommonsourcesofactivereturnsandrevealstheirbeta-likeproperties.DevelopedbyleadinginvestmentpractitionersatWestpeakGlobalAdvisors,ActiveBetaIndexesintroducesActiveBetasourcesandexplainshowthebehaviorofshort-andlong-termearningsgrowthgivesrisetosystematicsourcesofactiveequityreturns.-Detailsanewindexframeworkandresearchfindingsthatcouldchangethefaceofactiveportfoliomanagement-Presentspatent-pendinginnovationsforconstructingstyleindexesandinformationally-efficientactiveportfolios-ExploresthehistoricalperformanceofActiveBetaIndexesWealthadvisers,consultants,pensionsandendowments,andotherinstitutionalinvestorswillfindtheintellectualhonestyofActiveBetaIndexesarefreshingperspectiveontheactivemanagementindustry.?Theywillalsofinditausefulguidetoamorestrategicallocationoftheirriskandmanagementfeebudgets–agrowingnecessityinthesechallengingtimes.
  • 作者简介:
    KhalidGhayuristheCEOandCIOofWestpeakGlobalAdvisors,LP.Hewasdirectorofresearchpolicy,amemberoftheGlobalExecutiveCommittee,andchairmanoftheIndexPolicyCommitteeatMorganStanleyCapitalInternational(MSCI)Barra.Priortothis,hewasglobalheadofquantitativeresearchandstrategyforHSBCGlobalAssetManagement.HeisaCFAcharterholder,hasservedontheBoardofGovernorsoftheCFAInstitute,andisaformertrusteeoftheCFAInstituteResearchFoundation.HereceivedanMBAinfinanceandinternationalbusinessfromtheécoleNationaledesPontsetChausséesandanMAandBAineconomicsfromtheUniversityofKarachi.RonanG.HeaneyisDirectorofResearchatWestpeak.BeforejoiningWestpeak,hewasasoftwarearchitectwithMultumInformationServicesandaseniorsoftwaredeveloperatSwissBankCorp.HeholdsanMSincomputersciencefromPurdueUniversityandaBSinappliedphysicsfromDublinCityUniversity,Ireland.StephenA.KomonisaSeniorPortfolioManageratWestpeak.Priortothis,hewasvicepresidentofforeignexchangeandcommoditiesatJ.P.Morgan&Co.,andhealsoheldpositionswithUBSAG/SwissBankandDeanWitterReynolds.HeholdsanMBAinfinanceandaccountingfromtheUniversityofChicagoBoothSchoolofBusinessandaBSincommercefromtheUniversityofVirginia.HeisalsoaCFAcharterholder.StephenC.PlattisDirectorofPortfolioManagementatWestpeak.BeforejoiningWestpeak,hecofoundedandwasaseniorvicepresidentofCordilleraAssetManagement.HeholdsaBSinfinancefromtheUniversityofColoradoLeedsSchoolofBusinessandisaCFAcharterholder.
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