Overview
Addresses topics in investment analysis and portfolio construction that are constantly being re-examined
Treynor is one of the most cited and influential financial writers
Features outstanding faculty and practitioner contributions
Includes supplementary material: sn.pub/extras
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About this book
This volume, inspired by and dedicated to the work of pioneering investment analyst, Jack Treynor, addresses the issues of portfolio risk and return and how investment portfolios are measured. In a career spanning over fifty years, the primary questions addressed by Jack Treynor were: Is there an observable risk-return trade-off? How can stock selection models be integrated with risk models to enhance client returns? Do managed portfolios earn positive, and statistically significant, excess returns and can mutual fund managers time the market?
Since the publication of a pair of seminal Harvard Business Review articles in the mid-1960’s, Jack Treynor has developed thinking that has greatly influenced security selection, portfolio construction and measurement, and market efficiency. Key publications addressed such topics as the Capital Asset Pricing Model and stock selection modeling and integration with risk models. Treynor also served as editor of the Financial Analysts Journal, through which he wrote many columns across a wide spectrum of topics.
This volume showcases original essays by leading researchers and practitioners exploring the topics that have interested Treynor while applying the most current methodologies. Such topics include the origins of portfolio theory, market timing, and portfolio construction in equity markets. The result not only reinforces Treynor’s lasting contributions to the field but suggests new areas for research and analysis.
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Keywords
Table of contents (19 chapters)
Editors and Affiliations
About the editor
Bibliographic Information
Book Title: Portfolio Construction, Measurement, and Efficiency
Book Subtitle: Essays in Honor of Jack Treynor
Editors: John B. Guerard, Jr.
DOI: https://doi.org/10.1007/978-3-319-33976-4
Publisher: Springer Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: Springer International Publishing Switzerland 2017
Hardcover ISBN: 978-3-319-33974-0Published: 04 October 2016
Softcover ISBN: 978-3-319-81645-6Published: 14 June 2018
eBook ISBN: 978-3-319-33976-4Published: 23 September 2016
Edition Number: 1
Number of Pages: XXXIII, 453
Number of Illustrations: 7 b/w illustrations, 49 illustrations in colour
Topics: Corporate Finance, Risk Management, Corporate Governance, Macroeconomics/Monetary Economics//Financial Economics, Quantitative Finance