Description
Springer Portfolio Analytics An Introduction to Return and Risk Measurement by Wolfgang Marty
This textbook first introduces the reader to return measurement and then goes on to compare the time-weighted rate of return (TWR) with the money-weighted rate of return (MWR). To emphasize the importance of risk in conjunction with return, different tracking errors are analyzed and ex-post versus ex-ante risk figures are compared. The author then proceeds to modern portfolio theory (MPT) and illustrates how the constraints interfere substantially in the construction of optimized portfolios. As a conclusion, the book provides the reader with all the essential aspects of investment controlling._x000D_ Table of contents :- _x000D_
Introduction.- Return Analysis.- Risk Measurement.- Performance Measurement.- Investment Controlling._x000D_