The New Science of Asset Allocation: Risk Management in a Multi-Asset World (Wiley Finance) |  | Authors: Thomas Schneeweis, Garry B. Crowder, Hossein Kazemi
Publisher: Wiley
Category: Book
List Price: $80.00
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Rating:  3 reviews
Sales Rank: 104892
Media: Hardcover
Pages: 294
Number Of Items: 1
Shipping Weight (lbs): 1.1
Dimensions (in): 9.1 x 6.2 x 1.1
ISBN: 047053740X
Dewey Decimal Number: 332.6
EAN: 9780470537404
ASIN: 047053740X
Publication Date: March 8, 2010
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Product Description
A feasible asset allocation framework for the post 2008 financial world Asset allocation has long been a cornerstone of prudent investment management; however, traditional allocation plans failed investors miserably in 2008. Asset allocation still remains an essential part of the investment arena, and through a new approach, you'll discover how to make it work. In The New Science of Asset Allocation, authors Thomas Schneeweis, Garry Crowder, and Hossein Kazemi first explore the myths that plague this field then quickly move on to examine how the practice of asset allocation has failed in recent years. They then propose new allocation models that employ liquidity, transparency, and real risk controls across multiple asset classes. - Outlines a new approach to asset allocation in a post-2008 world, where risk seems hidden
- The "great manager" problem is examined with solutions on how to capture manager alpha while limiting downside risk
- A complete case study is presented that allocates for beta and alpha
Written by an experienced team of industry leaders and academic experts, The New Science of Asset Allocation explains how you can effectively apply this approach to a financial world that continues to change.
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| Customer Reviews:
 No simple solutions April 5, 2010
Robert Anthony
4 out of 4 found this review helpful
Most books on asset allocation provide simple answers for asset management. This book underscores that there are no simple answers -- and those who've sold simple asset allocation models used them as a stalking horse for their own internal products. This book is for those seeking an education on new investment products available in the market, as well as new ways of managing the risk of those products. This is not a book for those who want for a simple solution.
Extremely useful April 3, 2010
Aaron G. Enright
2 out of 2 found this review helpful
I recommend this book. For me, the economic crisis of 2007-2008 has brought more than its share of economic duress, but also a wake up call not to trust investment professionals who provide simple approaches to asset allocation or risk management. This book helps individual and institutional investors see through the marketing of various investment pitches. The book offers a concise survey of leading risk measurement and risk management techniques and portfolio-focused descriptions of standard and alternative investment vehicles. At the same time, it identifies and debunks 19 myths involving asset allocation. The myth section alone is worth the price of the book.
 An anthropological study of asset allocation pre '09 meltdown March 15, 2010
Terence P. Grennon
3 out of 5 found this review helpful
If you are an individual or institution looking for a new way to perform asset allocation here then you can forget it. 2 of the three writers are academics while the 3rd claims to have managed money "over the last 20 years." He must be out of job by now becuase nothing new is offered here. These guys basically took what you can find from an academic viewpoint of asset allocation expanded to include alternatives, admitted that there are too many variables involved to recommend an approach, added some stats on asset class return and risk over the period 2001 thru 2008, and then concluded that they have no ideas for the future. Don't buy this book!
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