04844nam a22006015i 4500 978-3-031-59819-7 DE-He213 20251030113247.0 cr nn 008mamaa 241027s2024 sz | s |||| 0|eng d 9783031598197 978-3-031-59819-7 10.1007/978-3-031-59819-7 doi HG1501-3550 KNST bicssc BUS070140 bisacsh KFF thema Asset Management and Institutional Investors [electronic resource] : Methods and Tools for Asset Allocation, Portfolio Management and Performance Evaluation / edited by Ignazio Basile, Pierpaolo Ferrari. 2nd ed. 2024. Cham : Springer International Publishing : Imprint: Springer, 2024. XV, 562 p. 94 illus., 63 illus. in color. online resource. text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Contributions to Finance and Accounting, 2730-6046 Institutional 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. This 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. Financial services industry. 60413 Business enterprises Finance. 58021 Social sciences Mathematics. 69736 Financial risk management. 59046 Capital market. 59069 Financial Services. 69064 Corporate Finance. 57278 Mathematics in Business, Economics and Finance. 69739 Risk Management. 59047 Capital Markets. 70943 Basile, Ignazio. editor. edt http://id.loc.gov/vocabulary/relators/edt 86679 Ferrari, Pierpaolo. editor. edt http://id.loc.gov/vocabulary/relators/edt 86680 SpringerLink (Online service) Springer Nature eBook Printed edition: 9783031598180 Printed edition: 9783031598203 Printed edition: 9783031598210 Contributions to Finance and Accounting, 2730-6046 72528 https://doi.org/10.1007/978-3-031-59819-7 ZDB-2-ECF ZDB-2-SXEF 64529 64529