Asset Allocation: From Theory to Practice and Beyond

Asset Allocation: From Theory to Practice and Beyond, the Second Edition of A Practitioners Guide to Asset Allocation, is a must-read resource for finance professionals that delves into the fallacies and challenges of asset allocation, offering a robust and insightful exploration of core tenets and cutting-edge themes.

Format: Hardback
Length: 368 pages
Publication date: 16 September 2021
Publisher: John Wiley & Sons Inc

Discover a masterful exploration of the fallacies and challenges of asset allocation in the newly and substantially revised Second Edition of A Practitioners Guide to Asset Allocation. Accomplished finance professionals William Kinlaw, Mark P. Kritzman, and David Turkington deliver a robust and insightful exploration of the core tenets of asset allocation. Drawing on their extensive experience working with hundreds of the world's largest and most sophisticated investors, the authors review foundational concepts, debunk fallacies, and address cutting-edge themes like factor investing and scenario analysis. The new edition also includes references to related topics at the end of each chapter and a summary of key takeaways to help readers rapidly locate material of interest.

The book also incorporates discussions of the characteristics that define an asset class, including stability, investability, and similarity. The fundamentals of asset allocation, including definitions of expected return, portfolio risk, and diversification, are also covered. Advanced topics like factor investing, asymmetric diversification, fat tails, long-term investing, and enhanced scenario analysis are also discussed, as well as tools to address challenges such as liquidity, rebalancing, constraints, and within-horizon risk.

Perfect for client-facing practitioners as well as scholars seeking to understand practical techniques, Asset Allocation: From Theory to Practice and Beyond is a must-read resource from an author team of distinguished finance experts and a forward by Nobel prize winner Harry Markowitz.

Weight: 710g
Dimension: 160 x 238 x 23 (mm)
ISBN-13: 9781119817710