Competitive Advantage in Investing: Building Winning Professional Portfolios

ISBN-13: 9781119619840 / Angielski / Twarda / 2020 / 288 str.

Steven Abrahams

Spis treści

Preface ix Acknowledgments xiii Part I Theory 1 1 Welcome, Harry Markowitz 3 2 A Sharpe Line 17 3 The Counsel of Critics 27 4 Toward a New Capital Asset Pricing Model 35 5 The Local Capital Asset Pricing Model 41 6 Creating Competitive Advantage 53 7 Building a Portfolio on Competitive Advantage 65 Part II Practice 73 8 Investing for Total Return: Mutual Funds 75 9 Investing for Total Return: Hedge Funds 99 10 Investing for Banks, Thrifts, and Credit Unions 121 11 Investing for Property/Casualty and Life Insurers 159 12 Investing for Broker/Dealers 187 13 Investing for Real Estate Investment Trusts 203 14 Investing for Sovereign Wealth Funds 213 15 Investing for Individuals 229 Part III Markets 243 16 Turning the Tables: Investor Impact on Asset Values 245 References 255 About the Author 265 Index 267

O autorze

Steven Abrahams is Senior Managing Director and Head of Investment Strategy at Amherst Pierpont Securities and former Adjunct Professor of Finance and Economics at Columbia Business School. He has spent 28 years as an investment strategist advising banks, insurers, mutual and hedge funds, and other institutional portfolios in the United States and abroad.