LEADER 04712nam 22006855 450 001 9910900178003321 005 20250807135824.0 010 $a3-031-59819-9 024 7 $a10.1007/978-3-031-59819-7 035 $a(MiAaPQ)EBC31741961 035 $a(Au-PeEL)EBL31741961 035 $a(CKB)36410323500041 035 $a(DE-He213)978-3-031-59819-7 035 $a(EXLCZ)9936410323500041 100 $a20241027d2024 u| 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aAsset Management and Institutional Investors $eMethods and Tools for Asset Allocation, Portfolio Management and Performance Evaluation /$fedited by Ignazio Basile, Pierpaolo Ferrari 205 $a2nd ed. 2024. 210 1$aCham :$cSpringer International Publishing :$cImprint: Springer,$d2024. 215 $a1 online resource (559 pages) 225 1 $aContributions to Finance and Accounting,$x2730-6046 311 08$a3-031-59818-0 320 $aIncludes bibliographical references. 327 $aInstitutional Investors -- Collective Investment Vehicles and Other Asset Management Products -- Stages of Investment Management Policy -- Strategic Asset Allocation with Mean-Variance Optimisation -- Methods and Tools for Portfolio Selection -- Alternative Approaches to Traditional Mean-Variance Optimisation -- Integrating Sustainability Criteria into the Investment Process -- Performance Evaluation -- Returns-Based Style Analysis -- Performance Attribution -- Portfolio Diversification Policies: Alternative Asset Classes -- Hedge Funds -- Hedge Fund Performance -- Private Equity -- Private Debt -- Real Assets -- Commodities -- Currency Overlay. 330 $aThis second edition of the book analyses the latest developments in investment management policy for institutional investors. It is divided into four parts, which have been updated to include the newest approaches and strategies in asset allocation, portfolio management and performance evaluation. The first part analyses the different types of institutional investors, i.e. institutions that professionally manage portfolios of financial and real assets on behalf of a wide range of individuals. This part goes on with an in-depth analysis of the economic, technical and regulatory characteristics of the various categories of investment funds and of other types of asset management products, which have a high rate of substitutability with investment funds and represent their natural competitors. The second part of the book identifies and investigates the stages of the investment portfolio management. Given the importance of strategic asset allocation in explaining the ex post performance of any type of investment portfolio, this part provides an in-depth analysis of asset allocation methods, illustrating the different theoretical and operational solutions available to institutional investors. The third part describes performance assessment, its breakdown and risk control, with an in-depth examination of performance evaluation techniques, returns-based style analysis approaches and performance attribution models. Finally, the fourth part deals with the subject of diversification into alternative asset classes, identifying the common characteristics and their possible role within the framework of investment management policy. This part analyses hedge funds, private equity, private debt, real estate, infrastructures, commodities and currency overlay techniques. 410 0$aContributions to Finance and Accounting,$x2730-6046 606 $aFinancial services industry 606 $aBusiness enterprises$xFinance 606 $aSocial sciences$xMathematics 606 $aFinancial risk management 606 $aCapital market 606 $aFinancial Services 606 $aCorporate Finance 606 $aMathematics in Business, Economics and Finance 606 $aRisk Management 606 $aCapital Markets 615 0$aFinancial services industry. 615 0$aBusiness enterprises$xFinance. 615 0$aSocial sciences$xMathematics. 615 0$aFinancial risk management. 615 0$aCapital market. 615 14$aFinancial Services. 615 24$aCorporate Finance. 615 24$aMathematics in Business, Economics and Finance. 615 24$aRisk Management. 615 24$aCapital Markets. 676 $a332.6 702 $aBasile$b Ignazio 702 $aFerrari$b Pierpaolo 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910900178003321 996 $aAsset Management and Institutional Investors$92240018 997 $aUNINA