An Innovative Approach to Portfolio Management. Blending the Most Profitable Aspects of Analytical and Quantitative.
Professional acclaim for Active Portfolio Management, 2nd edition. "Active Portfolio Management is a unique reference for understanding the source of value-added by a money manager. I am an enthusiastic supporter of the methodology used in the book, and I highly recommend it to both the professional and academic communities."
-Professor William N. Goetzmann, Director, International Center for Finance, Yale University School of Management.
"This edition of Active Portfolio Management continues the standard of excellence established in the first edition, with new and clear insights to help investment professionals."
-William E. Jacques, Partner and Chief Investment Officer, Martingale Asset Management.
"Active Portfolio Management offers investors an opportunity to better understand the balance between manager skill and portfolio risk. Both fundamental and quantitative investment managers will benefit from studying this updated edition by Grinold and Kahn."
-Scott Stewart, Portfolio Manager, Fidelity Select Equity ® Discipline, Co-Manager, Fidelity Freedom ® Funds.
"This second edition will not remain on the shelf, but will be continually referenced by
both novice and expert. There is a substantial expansion in both depth and breadth on the original. It clearly and concisely explains all aspects of the foundations and the latest thinking in active portfolio management."
-Eric N. Remole, Managing Director, Head of Global Structured Equity, Credit Suisse Asset Management.
"Active Portfolio Management, Second Edition, remains a readable yet theoretically and mathematically rigorous book that one would expect from two such distinguished authors. I heartily recommend this book to any practitioner who wants to refine his or her knowledge of state-of-the-art quantitative money management or who would like a straightforward reference to quickly answer those thorny theoretical questions that hit us now and again."
-Michael Even, Managing Director and Chief of Global Quantitative Analysis, Citibank Global Asset Management.
"A more comprehensive examination of quantitative techniques for portfolio management would be hard to find. Active Portfolio Management is an outstanding treatise on the methods and techniques of measuring performance and risk control that is both rigorous and understandable."
-Jon A. Christopherson, Research Fellow, Frank Russell Company.
Richard C. Grinold, Ph.D., is Managing Director, Advanced Strategies and Research at Barclays Global Investors. Dr. Grinold spent 14 years at BARRA, where he served as Director of Research, Executive Vice President, and President; and 20 years on the faculty at the School of Business Administration at the University of California, Berkeley, where he served as the chairman of the finance faculty, chairman of the management science faculty, and director of the Berkeley Program in Finance.
Ronald N. Kahn, Ph.D., is Managing Director in the Advanced Active Strategies Group at Barclays Global Investors. Dr. Kahn spent 11 years at BARRA, including over seven years as Director of Research. He is on the editorial advisory board of the Journal of Portfolio Management and the Journal of Investment Consulting.
Both authors have published extensively, and are widely known in the industry for their pioneering work on risk models, portfolio optimization, and trading analysis; equity, fixed income, and international investing; and quantitative approaches to active management.
This is truly the bible of active quantitative portfolio management.
You can find ideas in portfolio management that exist by reading this book but if you are at all like me you are going to have to look elsewhere for the answers.
Unfortunately, it's extremely dry, to the point of boring the reader to death.
The Kindle rendition is an utter disaster and sheer disappointment.
For one, there are typos. The print edition and the kindle version do not match. Read more
Another book that takes 600 pages of babbling to say what any mathematician could say in 100 pages. I don't know why finance writers don't just get to the point. Read morePublished 16 months ago by Alan C. Orrick
My first impression of the kindle version is negative because it doesn't have a indexed table of contents . Read morePublished on November 20, 2012 by Otávio Augusto A P Viegas
As many other reviewers have indicated, this book is verbose and poorly organized, and clearly not written by people trained in mathematics. Read morePublished on February 22, 2010 by Narada
This is truly the bible of active quantitative portfolio management. Its only true weakness is its lengthyness and the rather naive analysis of the CAPM.Published on January 11, 2009 by Franz Woyzeck
I read this books about a year aand a half go, and thought at the time it introduced some really good techniques for manaaging a portfolio. Read morePublished on August 8, 2008 by John S
I know many have this book and have never read it. Others read this book but never really understand it. Read morePublished on June 30, 2007 by 1000Books
Excellent book for whom is looking for a practical approach that at the same time is presented through a rigorous mathematical methodology. Read morePublished on January 31, 2006 by Pablo Sandler