Prospect Theory - How We Really Make Decisions
This is a retelling of Chapter 6, Part 2 (sections 6.7-6.9) from “Behavioral Finance for Private Banking” by Thorsten Hens, Enrico G. De Giorgi, and Kremena K. Bachmann (Wiley, 2018).
Portfolio construction
Evaluating Hedge Fund Portfolio Data and Construction (Part 2)
In Part 1 we looked at how to get portfolio data from 13F filings and started breaking down Fictional Capital Management’s long book. Now we continue with more portfolio metrics and, more importantly, the liquidity analysis that catches the fund manager in a contradiction.
EM Portfolio Construction: Smart Indexes, Frontiers, and ESG
So you’ve learned how to trade EM credit, local rates, and FX. Now what? How do you actually put it all together into a portfolio? Chapter 10 is about the nuts and bolts of portfolio construction, and it has some genuinely surprising findings about indexes, risk parity, and why ESG is unfair to poor countries.
Systematic Fixed Income Portfolios: Real Results for IG, HY, and Credit Long/Short
Book: Systematic Fixed Income: An Investor’s Guide Author: Scott A. Richardson, Ph.D. ISBN: 9781119900139 Publisher: John Wiley & Sons, 2022
Portfolio Construction for Systematic Fixed Income: Signals, Optimization, and Constraints
Book: Systematic Fixed Income: An Investor’s Guide Author: Scott A. Richardson, Ph.D. Publisher: John Wiley & Sons, 2022 ISBN: 9781119900139
Chapter 3 Part 3: Measuring PE Performance - IRR, Multiples and Why Benchmarks Are Tricky
So you want to know if a private equity fund is actually good? Turns out, that’s way harder than it sounds. There is no stock ticker refreshing every second. No public quarterly earnings call. You are stuck with imperfect tools and incomplete data. Welcome to Section 3.3 through 3.5 of Demaria’s book.