Modern Endowment Allocation Model (Martin L. Leibowitz) - скачать книгу , читать онлайн

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Modern Endowment Allocation Model



Автор: Martin L. Leibowitz


Короткое описание книги

Praise for The Endowment Model of Investing &quote;This is a terrific book required reading for any CIO responsible for the management of long-term investment portfolios.

&quote; Lyn Hutton, Chief Investment Officer, Commonfund &quote;In my judgment a must-read for every chief investment officer or strategist.

&quote; Allan S.

Bufferd, Treasurer Emeritus, MIT &quote;Shed(s) .

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light on .

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[endowment] portfolios during the financial crisis, and why their pain was predictable,inevitable, and .

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necessary for long-term success.

&quote; Andrew K.

Golden, President, Princeton University Investment Company &quote;This is a must-read for every institutional investor concerned with portfolio risk management.

Full of important insights and robust analyses.

&quote; Ian Kennedy, former global director of research, Cambridge Associates &quote;An elegant, rigorous, and articulate examination of .

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the endowment model .

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and why skillful implementation is always crucial.

&quote; Charles D.

Ellis, author, Winning the Loser's Game &quote;Is the endowment model broken? The answer, as provided .

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[in this] .

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appealing mix of analysis and common sense .

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is 'No'.

&quote; Jack R.

Meyer, Managing Partner and CEO, Convexity Capital &quote;A penetrating analysis of the trend towards allocating into multiple asset classes that shows when such diversification helps to control fund-level risk and when it does not!&quote; Jim Simons, Chairman, Renaissance Technologies LLC &quote;All-in-all .

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a balanced and exceptionally thoughtful study .

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that is sorely needed .

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a lot of great insight into basic finance and investing.

Heartily recommended.

&quote; Clifford Asness, Chairman, AQR Investments &quote;A valuable new approach that probes more deeply into the various forms of diversification.

&quote; Frank J.

Fabozzi, Professor in the Practice of Finance, Yale School of Management, and Editor, Journal of Portfolio Management &quote;A major advance in .

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investing for endowments .

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provides a way to incorporate .

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'alphas' into a risk/return framework .

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I think the book is great.

&quote; David Booth, CEO, Dimensional Fund Advisors &quote;Many institutional funds may find this framework insightful for asset allocation and risk management purposes.

&quote; Roger Clarke, Chairman, Analytic Investors, Inc.

&quote;A compendium of insightful and actionable principles for the endowment space.

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an important .

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framework for success for many institutional portfolios.

&quote; H.

Gifford Fong, President, Gifford Fong Associates &quote;A must-read for assessing .

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the future of this trusted model.

This very readable book calls for maintaining the endowment model but adjusting our time horizons.

&quote; Edgar Sullivan, Managing Director, Promark Global Advisors (formerly General Motors Asset Management)

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