Trends in Quatitative Finance by Frank J.Fabozzi
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Description
This introduction to recent developments in modeling equity returns provides a plain-English, formula-free review of quantitative methods—in particular, the trade-offs that must be made among model complexity, risk, and performance. The monograph also includes the results of a 2005 survey of the modeling practiced at 21 large asset management firms.
Original Author Information
Frank J. Fabozzi, CFA, is at Yale University.
Sergio M. Focardi is at The Intertek Group.
Petter N. Kolm is at Yale University.
Author Information
The summary was prepared by Frank T. Magiera, CFA.
Financial Development Course
Financial development means some improvements in producing information about possible investments and allocating capital, monitoring firms and exerting corporate governance, trading, diversification, and management of risk, mobilization and pooling of savings, easing the exchange of goods and services.
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