This innovative volume" "comprises a selection of original research articles offering a broad perspective on various dimensions of asset management in an international capital market environment. The topics covered include risk management and asset pricing models for portfolio management, performance evaluation and performance measurement of equity mutual funds as well as the wide range of bond portfolio management issues.
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Asset Management and International Capital Markets" offers interesting new insights into state-of-the-art asset pricing and asset management research with a...
This innovative volume" "comprises a selection of original research articles offering a broad perspective on various dimensions of asset management...
"While the state-preference approach is perhaps more general than the mean variance approach and provides an elegant framework for investigating theo retical issues, it is unfortunately difficult to give it empirical content. " I The state of the art in asset pricing has substantially changed over the past years. While the seminal CAPM represents an equilibrium model derived under rather restrictive assumptions on preferences or return distributions and places a lot of emphasis on the efficiency of a somehow arbitrary market portfolio, subsequent models were much less restrictive with respect...
"While the state-preference approach is perhaps more general than the mean variance approach and provides an elegant framework for investigating theo ...
