英文标题：
《Modern Asset Theory: A Framework for Successful Active Management》
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作者：
Corry Bedwell, Ryan Guttridge
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最新提交年份：
2019
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英文摘要：
  Active management is a term that has many meanings and we have found the defining characteristics needed for success as an \"active manager\" elusive within the literature. In this paper we offer a set of criteria that defines an active manager and his success. In order to facilitate this, we introduce several definitions, which lead to a logically coherent evaluation framework. We expand on the definitions of these six key concepts: Introduce a specific concept of Ruin, Assets, Risk, Discount rate, Margin of safety, and Optimization.   Through these definitions a strong defense of active management emerges. Furthermore, to the extent one chooses to limit the definitions we offer, our framework reduces to that of Modern Portfolio Theory. Overall, we have aimed to construct a robust expansion of a framework for active management, one that has been found wanting in the current literature.
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中文摘要：
积极管理是一个有很多含义的术语，我们发现，作为“积极管理者”，成功所需的定义特征在文献中难以找到。在本文中，我们提供了一套定义积极管理者及其成功的标准。为了促进这一点，我们引入了几个定义，从而形成了逻辑上一致的评估框架。我们扩展了这六个关键概念的定义：引入破产、资产、风险、贴现率、安全边际和优化的特定概念。通过这些定义，积极管理的有力辩护应运而生。此外，如果选择限制我们提供的定义，我们的框架将简化为现代投资组合理论的框架。总的来说，我们的目标是构建一个积极管理框架的强大扩展，这是当前文献中发现的不足之处。
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分类信息：

一级分类：Quantitative Finance        数量金融学
二级分类：General Finance        一般财务
分类描述：Development of general quantitative methodologies with applications in finance
通用定量方法的发展及其在金融中的应用
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一级分类：Quantitative Finance        数量金融学
二级分类：Mathematical Finance        数学金融学
分类描述：Mathematical and analytical methods of finance, including stochastic, probabilistic and functional analysis, algebraic, geometric and other methods
金融的数学和分析方法，包括随机、概率和泛函分析、代数、几何和其他方法
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