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001 978-3-031-59819-7
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020 _a9783031598197
_9978-3-031-59819-7
024 7 _a10.1007/978-3-031-59819-7
_2doi
050 4 _aHG1501-3550
072 7 _aKNST
_2bicssc
072 7 _aBUS070140
_2bisacsh
072 7 _aKFF
_2thema
245 1 0 _aAsset Management and Institutional Investors
_h[electronic resource] :
_bMethods and Tools for Asset Allocation, Portfolio Management and Performance Evaluation /
_cedited by Ignazio Basile, Pierpaolo Ferrari.
250 _a2nd ed. 2024.
264 1 _aCham :
_bSpringer International Publishing :
_bImprint: Springer,
_c2024.
300 _aXV, 562 p. 94 illus., 63 illus. in color.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 1 _aContributions to Finance and Accounting,
_x2730-6046
505 0 _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.
520 _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.
650 0 _aFinancial services industry.
_960413
650 0 _aBusiness enterprises
_xFinance.
_958021
650 0 _aSocial sciences
_xMathematics.
_969736
650 0 _aFinancial risk management.
_959046
650 0 _aCapital market.
_959069
650 1 4 _aFinancial Services.
_969064
650 2 4 _aCorporate Finance.
_957278
650 2 4 _aMathematics in Business, Economics and Finance.
_969739
650 2 4 _aRisk Management.
_959047
650 2 4 _aCapital Markets.
_970943
700 1 _aBasile, Ignazio.
_eeditor.
_4edt
_4http://id.loc.gov/vocabulary/relators/edt
_986679
700 1 _aFerrari, Pierpaolo.
_eeditor.
_4edt
_4http://id.loc.gov/vocabulary/relators/edt
_986680
710 2 _aSpringerLink (Online service)
773 0 _tSpringer Nature eBook
776 0 8 _iPrinted edition:
_z9783031598180
776 0 8 _iPrinted edition:
_z9783031598203
776 0 8 _iPrinted edition:
_z9783031598210
830 0 _aContributions to Finance and Accounting,
_x2730-6046
_972528
856 4 0 _uhttps://doi.org/10.1007/978-3-031-59819-7
912 _aZDB-2-ECF
912 _aZDB-2-SXEF
999 _c64529
_d64529