Modern Portfolio Management
Author name: Paolo Sironi
Modern Portfolio Management provides a methodology for portfolio choice based upon modern risk management techniques and a clearer definition of the investment risk/return profile to feature goal-based investing and probabilistic scenario optimisation.
Upon reading Modern Portfolio Management, readers will understand the importance of simulating real securities during the making of optimal portfolios, as well as the importance of simulating financial investments over time to match in a transparent way actual goals and constraints instead of relying solely upon past performance or personal judgement.
This book is a must-read for portfolio managers as well as financial advisors – in particular, all investment managers engaging in (or thinking of engaging in) long-term and goal-based asset allocations.