04446nam a22005175i 4500001001800000003000900018005001700027007001500044008004100059020001800100024003500118050001600153072001700169072002300186072001500209245021100224250001800435264007500453300006400528336002600592337002600618338003600644347002400680490005600704505065800760520178701418650003303205650003503238650003403273650003103307650002003338650002403358650002303382650005203405650002103457650002103478700007803499700008103577710003403658773002603692776003603718776003603754776003603790830005603826856004603882978-3-031-59819-7DE-He21320251030113247.0cr nn 008mamaa241027s2024    sz |    s    |||| 0|eng d  a97830315981977 a10.1007/978-3-031-59819-72doi 4aHG1501-3550 7aKNST2bicssc 7aBUS0701402bisacsh 7aKFF2thema10aAsset Management and Institutional Investorsh[electronic resource] :bMethods and Tools for Asset Allocation, Portfolio Management and Performance Evaluation /cedited by Ignazio Basile, Pierpaolo Ferrari.  a2nd ed. 2024. 1aCham :bSpringer International Publishing :bImprint: Springer,c2024.  aXV, 562 p. 94 illus., 63 illus. in color.bonline resource.  atextbtxt2rdacontent  acomputerbc2rdamedia  aonline resourcebcr2rdacarrier  atext filebPDF2rda1 aContributions to Finance and Accounting,x2730-60460 aInstitutional Investors -- Collective Investment Vehicles and Other Asset Management Products -- Stages of Investment Management Policy -- Strategic Asset Allocation with Mean-Variance Optimisation -- Methods and Tools for Portfolio Selection -- Alternative Approaches to Traditional Mean-Variance Optimisation -- Integrating Sustainability Criteria into the Investment Process -- Performance Evaluation -- Returns-Based Style Analysis -- Performance Attribution -- Portfolio Diversification Policies: Alternative Asset Classes -- Hedge Funds -- Hedge Fund Performance -- Private Equity -- Private Debt -- Real Assets -- Commodities -- Currency Overlay.  aThis second edition of the book analyses the latest developments in investment management policy for institutional investors. It is divided into four parts, which have been updated to include the newest approaches and strategies in asset allocation, portfolio management and performance evaluation. The first part analyses the different types of institutional investors, i.e. institutions that professionally manage portfolios of financial and real assets on behalf of a wide range of individuals. This part goes on with an in-depth analysis of the economic, technical and regulatory characteristics of the various categories of investment funds and of other types of asset management products, which have a high rate of substitutability with investment funds and represent their natural competitors. The second part of the book identifies and investigates the stages of the investment portfolio management. Given the importance of strategic asset allocation in explaining the ex post performance of any type of investment portfolio, this part provides an in-depth analysis of asset allocation methods, illustrating the different theoretical and operational solutions available to institutional investors. The third part describes performance assessment, its breakdown and risk control, with an in-depth examination of performance evaluation techniques, returns-based style analysis approaches and performance attribution models. Finally, the fourth part deals with the subject of diversification into alternative asset classes, identifying the common characteristics and their possible role within the framework of investment management policy. This part analyses hedge funds, private equity, private debt, real estate, infrastructures, commodities and currency overlay techniques. 0aFinancial services industry. 0aBusiness enterprisesxFinance. 0aSocial sciencesxMathematics. 0aFinancial risk management. 0aCapital market.14aFinancial Services.24aCorporate Finance.24aMathematics in Business, Economics and Finance.24aRisk Management.24aCapital Markets.1 aBasile, Ignazio.eeditor.4edt4http://id.loc.gov/vocabulary/relators/edt1 aFerrari, Pierpaolo.eeditor.4edt4http://id.loc.gov/vocabulary/relators/edt2 aSpringerLink (Online service)0 tSpringer Nature eBook08iPrinted edition:z978303159818008iPrinted edition:z978303159820308iPrinted edition:z9783031598210 0aContributions to Finance and Accounting,x2730-604640uhttps://doi.org/10.1007/978-3-031-59819-7