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.

• Series: Springer Texts in Business and Economics
• Hardcover: 285 pages
• Publisher: Springer; 2013 edition (March 6, 2014)
• Language: English
• ISBN-10: 3319035088
• ISBN-13: 978-3319035086
• Product Dimensions: 9.2 x 6.1 x 0.5 inches
• Shipping Weight: 15.2 ounces
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