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Portable Alpha Theory and Practice: What Investors Really Need to Know
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Portable Alpha Theory and Practice: What Investors Really Need to Know
While the interest in portable alpha has grown exponentially, few investors have a true appreciation for the risks and operational complexities associated with this investment application. By first mapping out the key components and evolution of portable alpha, this book aims to give investors a solid foundation in this discipline. From there, it ties in investment theory and asset allocation, then addresses the relevance and common misuse of the alpha and beta terms, inherent leverage, derivatives-based "beta," and global sources of (portable) alpha and risk, including equity, bonds, and hedge fund strategies. Implementation is covered in a dedicated chapter, as is risk management and the increasingly interrelated topic of LDI. Overall, this reliable resource will allow investors, consultants, practitioners, and academics to gain a better understanding of the potential benefits, applications, costs, and risks associated with portable alpha implementation.
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Title of
ebook: Portable Alpha Theory and Practice: What Investors Really Need to Know
ISBN: 9780470280225
Publisher:
John Wiley & Sons, Inc.
Internet download file size: 2144 kb
Pages: 318
Released online for download: 03-31-2008
Author of eBook: McCullough, Michael
Foreword by: Bill, Gross
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