01577nam a2200277Ia 4500 TVU_9587 210423s9999 xx 000 0 und d 0470042664 9780470042663 eng 332.6 I35 Ineichen, Alexander M. Asymmetric returns The future of active asset management Alexander M. Ineichen Hoboken, N.J. John Wiley & Sons 2007 336 p. ill. 24 cm In Asymmetric Returns, financial expert Alexander Ineichen elevates the critical discussion about alpha versus beta and absolute returns versus relative returns. He argues that controlling downside volatility is a key element in asset management if sustainable positive compounding of capital and financial survival are major objectives. Achieving sustainable positive absolute returns are the result of taking and managing risk wisely, that is, an active risk management process where risk is defined in absolute terms and changes in the market place are accounted for. The result of an active risk management process-when successful-is an asymmetric return profile, that is, more and higher returns on the upside and fewer and lower returns on the downside. Ineichen claims that achieving Asymmetric Returns is the future of active asset management. Hedge funds; Investment analysis; Investments Alexander M. Ineichen Trung tâm Học liệu Trường Đại học Trà Vinh