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Alternative Procedures for Revising Investment Portfolios**

Keith V. Smith

Journal of Financial and Quantitative Analysis, 1968, vol. 3, issue 4, 371-403

Abstract: Investment management is a decision-making process which ranges from an individual managing his own small portfolio of securities to institutional investors who manage portfolios valued in millions of dollars. The importance of investment management is readily observed in the increased activity of the securities markets, the close scrutiny given by regulatory agencies to various institutional investors and professional investment managers, the growing market value of pension funds, trust funds, and investment companies, and finally, the increasing number of related research studies which are reported in the financial literature.

Date: 1968
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