The New Science of Asset Allocation
Risk Management in a Multi-Asset World
Published on 18. February 2010
294 pages
978-0-470-60841-8 (ISBN)
Description
A feasible asset allocation framework for the post 2008financial world
Asset allocation has long been a cornerstone of prudentinvestment management; however, traditional allocation plans failedinvestors miserably in 2008. Asset allocation still remains anessential part of the investment arena, and through a new approach,you'll discover how to make it work.
In The New Science of Asset Allocation, authors ThomasSchneeweis, Garry Crowder, and Hossein Kazemi first explore themyths that plague this field then quickly move on to examine howthe practice of asset allocation has failed in recent years. Theythen propose new allocation models that employ liquidity,transparency, and real risk controls across multiple assetclasses.
* Outlines a new approach to asset allocation in a post-2008world, where risk seems hidden
* The "great manager" problem is examined with solutions on howto capture manager alpha while limiting downside risk
* A complete case study is presented that allocates for beta andalpha
Written by an experienced team of industry leaders and academicexperts, The New Science of Asset Allocation explains howyou can effectively apply this approach to a financial world thatcontinues to change.
Asset allocation has long been a cornerstone of prudentinvestment management; however, traditional allocation plans failedinvestors miserably in 2008. Asset allocation still remains anessential part of the investment arena, and through a new approach,you'll discover how to make it work.
In The New Science of Asset Allocation, authors ThomasSchneeweis, Garry Crowder, and Hossein Kazemi first explore themyths that plague this field then quickly move on to examine howthe practice of asset allocation has failed in recent years. Theythen propose new allocation models that employ liquidity,transparency, and real risk controls across multiple assetclasses.
* Outlines a new approach to asset allocation in a post-2008world, where risk seems hidden
* The "great manager" problem is examined with solutions on howto capture manager alpha while limiting downside risk
* A complete case study is presented that allocates for beta andalpha
Written by an experienced team of industry leaders and academicexperts, The New Science of Asset Allocation explains howyou can effectively apply this approach to a financial world thatcontinues to change.
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Software
12/2011
Wiley
€95.85
Shipment within 15-20 days
Thomas Schneeweis | Garry Crowder | Hossein Kazemi
The New Science of Asset Allocation
Risk Management in a Multi-Asset World
Book
03/2010
Wiley
€75.00
Shipment within 10-20 days
Persons
Thomas Schneeweis, PhD, is the Michael and Cheryl PhilippProfessor of Finance at the University of Massachusetts, Amherstand is the founding director of the Center for InternationalSecurities and Derivatives Markets. He is also the founding editorof the Journal of Alternative Investments, cofounder of theChartered Alternative Investment Analyst Association, and afounding Director of the Institute for Global Asset andRisk Management. During his almost forty years ofinvestment management experience, he has been associated with thedevelopment of alpha transfer and fund replication products,the creation and development of the Zurich Hedge Fund Indices andthe Dow Jones Hedge Fund Benchmark Series, as well as beinginstrumental in the creation of the Bache Commodity Index.Schneeweis publishes widely in the area of investment managementand is often quoted in the financial press.
Garry B. Crowder, JD, MBA, is a noted expert in thedevelopment and creation of multi-asset portfolio solutions andproducts. He has designed and implemented asset allocationsolutions for leading multinational banks, insurance companies, andfamily offices. Crowder created and was managing partner of one ofthe first and largest hedge fund platforms based on managedaccounts. In this capacity, he formed and led the team that createdthe Zurich Hedge Fund Indices and the Dow Jones Hedge FundBenchmark Series. With over twenty years of investment experience,he is a founding Director of the Institute for Global Asset andRisk Management and has also served in managing director positionsat Morgan Stanley Asset Management and Tiger Management LLC.
Hossein Kazemi, PhD, CFA, is regarded as a leader in thearea of asset allocation, and has published over thirty academicand practitioner articles in the area of asset pricing and assetallocation. He is a founding partner of Alternative InvestmentAnalytics, LLC, and White Bear Partners, LLC. Kazemi is a professorof finance at the University of Massachusetts, Amherst and is theAssociate Director of the Center for International Securities andDerivatives Markets. He is the current Program Director of theChartered Alternative Analyst Investment Association.
Garry B. Crowder, JD, MBA, is a noted expert in thedevelopment and creation of multi-asset portfolio solutions andproducts. He has designed and implemented asset allocationsolutions for leading multinational banks, insurance companies, andfamily offices. Crowder created and was managing partner of one ofthe first and largest hedge fund platforms based on managedaccounts. In this capacity, he formed and led the team that createdthe Zurich Hedge Fund Indices and the Dow Jones Hedge FundBenchmark Series. With over twenty years of investment experience,he is a founding Director of the Institute for Global Asset andRisk Management and has also served in managing director positionsat Morgan Stanley Asset Management and Tiger Management LLC.
Hossein Kazemi, PhD, CFA, is regarded as a leader in thearea of asset allocation, and has published over thirty academicand practitioner articles in the area of asset pricing and assetallocation. He is a founding partner of Alternative InvestmentAnalytics, LLC, and White Bear Partners, LLC. Kazemi is a professorof finance at the University of Massachusetts, Amherst and is theAssociate Director of the Center for International Securities andDerivatives Markets. He is the current Program Director of theChartered Alternative Analyst Investment Association.
