Transcription of Risk-Based Asset Allocation - tradingportfolio.net
{{id}} {{{paragraph}}}
Example: bachelor of science
Risk-Based Asset Allocation - tradingportfolio.net
THE JOURNAL OF PORTFOLIO MANAGEMENT 11 SUMMER 2011 Risk-Based Asset Allocation : A New Answer to an Old Question?WAI LEEWAI LEEis the director of research and CIO of the Quantita-tive Investment Group at Neuberger Berman in New York, global financial crisis in 2008 caused investor s to quest ion what went wrong with many of their portfolios, which were believed to be diversified. Mean-variance optimiza-t ion ( MVO ), 60/40, moder n por t fol io theor y (MPT), and others seem to have been put on trial by practitioners and critics alike for their apparent underdiversification and accused failure to provide risk A list of new paradigms or next genera-tion solutions has been declared to displace A growing amount of literature on portfolio construction approaches focused on risks and diversification rather than on esti-mating expected returns, collectively called Risk-Based Asset Allocation in this study, has been the topic of strategic Asset alloca-tion, we have been seeing more writings on the various versions of Risk-Based approaches applied to a global universe of assets, especially in cases of pension and endowment manage-ment.
SUMMER 2011 THE JOURNAL OF PORTFOLIO MANAGEMENT 11 Risk-Based Asset Allocation: A New Answer to an Old Question? WAI LEE WAI LEE is the director of research and CIO of the Quantita-tive Investment Group at Neuberger Berman
Loading..
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: