Advanced Portfolio Management: A Quant's Guide for Fundamental Investors

You have great investment ideas. If you turn them into highly profitable portfolios, this book is for you.\nAdvanced Portfolio Management: A Quant’s Guide for Fundamental Investors is for fundamental equity analysts and portfolio managers, present, and future. Whatever stage you are at in your career, you have valuable investment ideas but always need knowledge to turn them into money. This book will introduce you to a framework for portfolio construction and risk management that is grounded in sound theory and tested by successful fundamental portfolio managers. The emphasis is on theory relevant to fundamental portfolio managers that works in practice, enabling you to convert ideas into a strategy portfolio that is both profitable and resilient. Intuition always comes first, and this book helps to lay out simple but effective "rules of thumb" that require little effort to implement and understand. At the same time, the book shows how to implement sophisticated techniques in order to meet the challenges a successful investor faces as his or her strategy grows in size and complexity. Advanced Portfolio Management also contains more advanced material and a quantitative appendix, which benefit quantitative researchers who are members of fundamental teams.\nYou will learn how to:\nSeparate stock-specific return drivers from the investment environment’s return drivers\nUnderstand current investment themes\nSize your cash positions based on\nYour investment ideas\nUnderstand your performance\nMeasure and decompose risk\nHedge the risk you don’t want\nUse diversification to your advantage\nManage losses and control tail risk\nSet your leverage\nAuthor Giuseppe A. Paleologo has consulted, collaborated, taught, and drank strong wine with some of the best stock-pickers in the world; he has traded tens of billions of dollars hedging and optimizing their books and has helped them navigate through big drawdowns and even bigger recoveries. Whether or not you have access to risk models or advanced mathematical background, you will benefit from the techniques and the insights contained in the book-and won't find them covered anywhere else.Advanced Portfolio Management: A Quant's Guide for Fundamental Investors 1st Edition is written by Giuseppe A. Paleologo and published by John Wiley & Sons P&T. ISBNs for Advanced Portfolio Management are 9781119789802, 111978980X and the print ISBNs are 9781119789796, 1119789796.