SECTIONS
SECTION II

Monograph

Summaries

Alternative Investments: A Primer for Investment Professionals

Alternative Investments: A Primer for Investment Professionals provides an overview of alternative investments for institutional asset allocators and other overseers of portfolios containing both traditional and alternative assets.
It is designed for those with substantial experience regarding traditional investments in stocks and bonds but limited familiarity regarding alternative assets, alternative strategies, and alternative portfolio management.
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The Future of Investment Management

Investment management is in flux, arguably more than it has been in a long time. Active management is under pressure, with investors switching from active to index funds. New “smart beta” products offer low-cost exposures to many active ideas.
Exchange-traded funds are proliferating. Markets and regulations have changed significantly over the past 10–20 years, and data and technology—which are increasingly important for investment management—are evolving even more rapidly.
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Popularity: A Bridge between Classical and Behavioral Finance

Popularity is a word that embraces how much anything is liked, recognized, or desired. Popularity drives demand. In this book, we apply this concept to assets and securities to explain the premiums and so-called anomalies in security markets, especially the stock market.
Most assets and securities have a relatively fixed supply over the short or intermediate term. Popularity represents the demand for a security—or perhaps the set of reasons why a security is demanded to the extent that it is—and thus is an important determinant of prices for a given set of expected cash flows.
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Do you know....?

YOU'RE RIGHT!

Answer: Useless. This book was the proceedings of a seminar on the efficient capital market and random walk hypotheses. Presenters were William F. Sharpe, Frank E. Block, Edmund A. Mennis, Jack L. Treynor, Michael C. Jensen, Jerome L. Valentine, and Neil Wright

VERY CLOSE!

Answer: Useless. This book was the proceedings of a seminar on the efficient capital market and random walk hypotheses. Presenters were William F. Sharpe, Frank E. Block, Edmund A. Mennis, Jack L. Treynor, Michael C. Jensen, Jerome L. Valentine, and Neil Wright

Multimedia Summaries