Strategic Asset Allocation

Strategic Asset Allocation

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'Uses some sophisticated mathematics such as partial differential equations and stochastic calculus but the exposition is nonetheless clear and a reader does not have to be at a very high technical level to appreciate the main ideas.' -Investment andamp; Pensions Europe'The material covered is technically demanding, but Campbell and Viceira do an excellent job of presenting it in a way that maximises accessibility. Those in investment consulting, private client management and brokerage services should be interested in this book.' -Professional Investor'Campbell and Viceira do an excellent job of interspersing the mathematical findings with lucid summaries of what they mean for portfolio planning and how they interrelate.' -Professional Investor'Provides a useful build-up to the logical requirements of the long-term investor.' -Financial Adviser'Useful as an academic reference.' -Actuary'In Strategic Asset Allocation John Campbell and Luis Viceira go beyond the usual capital-markets research monographs that survey a broad swath of asset pricing and investment theory. Instead, they dig deeply and insightfully into how an individual investor would best allocate wealth into broad asset classes over a lifetime, bearing in mind age, risk preferences, changing market conditions, and uninsurable income shocks. With this clearly written synthesis of the best recent research on the topic, much of it their own, Campbell and Viceira have achieved excellence!' -Darrell Duffie, Graduate School of Business, Stanford UniversityThis book links cutting-edge academic analysis of portfolio choice to the practical concerns of institutional investors, financial planners, and individual investors. It shows in empirical detail how long-term portfolios should differ from short-term portfolios. It is the first book-length treatment of one of the most exciting areas of modern finance, and is written by a leading academic who is also actively involved in managing a hedge fund.Those in investment consulting, private client management and brokerage services should be interested in this book.

Title:Strategic Asset Allocation
Author:John Y. Campbell, Luis M. Viceira
Publisher:Oxford University Press, USA - 2002


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