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Portfolio Theory and Performance Analysis

Authors: Noël Amenc, Véronique Le Sourd
Editions: John Wiley & Sons
Pages: 256 pages
Date: September 2003
For many years, asset management was considered to be a marginal activity, but today, it is central to the development of the financial industry throughout the world. Asset management's transition from an "art and craft" to an industry has inevitably called integrated business models into question, favouring specialisation strategies based on cost optimisation and learning curve objectives. This book connects each of these major categories of techniques and practices to the unifying and seminal conceptual developments of modern portfolio theory.

About the Authors:

Noël Amenc started his career as Researcher at the Microeconomic Research Centre of Nice-Sophia Antipolis University. Assistant Professor in Finance at the CERAM business school, he was in charge of the Finance-Accountancy-Management Control department before creating in 1989, a specialised masters in Back-office, then, in 1992, a specialised masters in international capital management. Concurrently with his teaching activities, Noël Amenc has had numerous consultancy roles with eminent French and foreign financial organisations. From 1993 to 1999, he was founder and president of SIP SA, a company specialised in commercial and decisional information technology relating to asset management. He was then Director of Research for Misys Asset Management Systems, managing the group's "Asset Management" Research and Development activity, based in Sophia-Antipolis (France) and Birmingham (UK). Noël Amenc is associate editor of the Journal of Alternative Investment. He is currently Professor of Finance at EDHEC Business School and Director of EDHEC-Risk Institute.

Véronique Le Sourd has a Master’s Degree in Applied Mathematics from the Pierre and Marie Curie University in Paris. From 1992 to 1996, she worked as Research Assistant within the Finance and Economics Department of the French Business School, HEC and then as a Researcher for Misys Asset Management Systems. She is currently Senior Research Engineer at EDHEC-Risk Institute.