Rise of Institutional Quantitative Asset Management

Richard O. Michaud ()
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Richard O. Michaud: New Frontier Advisors

Chapter Chapter 3 in Finance's Wrong Turns, 2023, pp 17-38 from Springer

Abstract: Abstract MarkowitzMarkowitz, H. and CAPMCapital Asset Pricing Model (CAPM) theory made it possible to conceptualize and build technology to replace traditional ad hoc asset allocationAsset allocation and security portfolio management. The result was an explosion of technology and research in the last quarter of the twentieth century that supported the evolution of a huge industry in institutional quantitative asset managementQuantitative asset management.

Keywords: Arbitrage pricing; Model; Benchmark; Beta; Fama French; Institutional quantitative asset management; Principle component analysis (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-21863-7_3

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DOI: 10.1007/978-3-031-21863-7_3

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