"An updated guide to the theory and practice of investment management Many books focus on the theory of investment … management and leave the details of the implementation of the theory up to you. This book illustrates how theory is applied in … practice while stressing the importance of the portfolio construction process. The Second Edition of The Theory and Practice of …

uncertainty Part II, Portfolio Optimization and Risk Measures, reviews the theory and practice of equity and fixed income … portfolio management, from classical frameworks to recent advances in the theory of risk measurement Part III, Asset Pricing … determined by simulation, and discusses how derivatives can be employed for portfolio risk management and return enhancement …