In the aftermath of the recent financial crisis, institutional investors, especially in Europe, who use traditional asset allocation concepts (e.g. 60% stocks, 40% bonds) are pushed to limits that challenge their ability to achieve a sustainable return to cover their liabilities. Facing tight...

"This book provides the fundamentals of asset management. It takes a practical perspective in describing asset management. Besides the theoretical aspects of investment management, it provides in-depth insights into the actual implementation issues associated with investment strategies. The 19...

Chapter 1 : The Birth of Modern Finance -- Chapter 2 : The Birth of Capital Market Theory -- Chapter 3 : Rise of Institutional Quantitative Management -- Chapter 4 : Finance Theory in Crisis -- Chapter 5: The Crisis at the Workbench or Markowitz’s revenge -- Chapter 6: The Michaud Efficient...