Asset Allocation for Institutional Portfolios

Kritzman outlines the underlying theories of asset allocation. He details how to use innovations in asset allocation technology to control risk mechanically. Presenting the benefits and disadvantages of alternative investment vehicles within the context of both assets and liabilities he dispels some of the common misperceptions about asset allocation and helps in placing clients assets where they will achieve the desired outcome. This book offers: A unique combination of comprehensive theory and accessible math that helps the reader understand and put into practice the information presented; A unified theory of tactical, strategic, and dynamic hedging strategies; A detailed guideline for the treatment of pension liabilities.