Open AccessBook
Asset Management: A Systematic Approach to Factor Investing
Andrew Ang
- 07 Jul 2014
292
TL;DR: In this paper, the authors discuss the role of the asset owner in the long-term performance of a portfolio, and propose a strategy for the long run of the portfolio management process.
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Abstract: Preface: Asset Management Part I: The Asset Owner Chapter 1: Asset Owners Chapter 2: Preferences Chapter 3: Mean-Variance Investing Chapter 4: Investing for the Long Run Chapter 5: Investing Over the Life Cycle Part II: Factor Risk Premiums Chapter 6: Factor Theory Chapter 7: Factors Chapter 8: Equities Chapter 9: Bonds Chapter 10: Alpha (and the Low Risk Anomaly) Chapter 11: " Assets Chapter 12: Tax-Efficient Investing Chapter 13: Illiquid Assets Chapter 14: Factor Investing Part III: Delegated Portfolio Management Chapter 15: Delegated Investing Chapter 16: Mutual Funds and Other 40-Act Funds Chapter 17: Hedge Funds Chapter 18: Private Equity Afterword: Factor Management Appendix: Returns Acknowledgements Bibliography Index
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Citations
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Thinking fast and slow.
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Federal Reserve Bank of New Yorkの制定せる財務諸表様式について
嘉一郎 西野
- 01 Feb 1951
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An Engine, Not a Camera: How Financial Models Shape Markets:
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References
•Book
Winning the Loser's Game: Timeless Strategies for Successful Investing
Charles D. Ellis
- 01 Feb 1998
TL;DR: For example, the authors argues that the most successful investors avoid short-term traps to concentrate on long-term strategies that allow time, compounding, and the natural ebbs and flows of the markets to work their magic.
18
Why do University Endowments Invest so Much in Risky Assets
Thomas Gilbert,Christopher M. Hrdlicka +1 more
- 01 Jan 2012
TL;DR: In this article, a university objective function that balances the demands of altruistic stakeholders to expand against those of self-interested stakeholders to maximize their lifetime payments is proposed, and the model demonstrates that endowments offer a window into university fundamentals, and it helps explain the empirical heterogeneity in asset allocations and sizes.
18
•Posted Content
Do yield curves normally slope up? The term structure of interest rates, 1862–1982
TL;DR: The downward-sloping yield curves of recent years have been called perverse, but an examination of the history of American interest rates reveals that, at least since the Civil War, falling yield curves have been nearly as common as those with upward slopes as discussed by the authors.