The New Science of Asset Allocation: Risk Management in a Multi-Asset World

Praise for The New Science Of Asset Allocation

"Investing is all about keeping an open mind as to different ways of seeing the world. The authors have succeeded in compiling an insightful view of asset allocation that should go down as a landmark in this field."
—Eric R. Breval, Managing Director, AVS (Swiss Federal Social Security Fund)

"This book balances the theoretical with the practical. It is the latter feature—the practical guidance —that makes it required reading for all pension fund fiduciaries."
—Oliver Mitchell, Jr., A-E-F-C Pension Fund, the American Bar Association

"The market turmoil following September 2008 offers us the opportunity to rethink and challenge conventional ideas regarding asset allocation. This book offers a new look at the asset allocation process covering both quantitative and qualitative aspects of the process. This book stresses the importance of discretion in the process and highlights the broad range of asset classes investors should consider to provide the right balance between risk and return."
—William Dinning, European Head of Investment Strategy and Economics, AEGON Asset Management

"The New Science of Asset Allocation is a timely and important book for the future role of alternative investments, within investments portfolios. The Myths of Asset Allocation are a must-read for scholars and investors alike."
—Talal O. Malas, Head of Investments, Infinity Capital SAM, Monaco

"The authors bring clarity to the complexity of structuring (and managing) a multi-asset portfolio; illuminating the many misconceptions and limitations of yesterday's and today's methodologies and in the process argue convincingly that the addition of alternative assets, when properly understood and applied, can offer significant overall risk and return advantages."
—E. Craig Asche, President and CEO, Chartered Alternative Investment Analyst Association

"This publication is a veritable reference in the area of asset allocation and risk management. Clear, accurate, and illustrated with relevant practical examples, it will allow practitioners to benefit from an effective detailed summary produced by recognized asset management experts."
—Noël Amenc, Professor of Finance, Director of the EDHEC-Risk Institute.

"This book is an excellent, rigorous reference to today's critical issues in asset allocation. A 'must-have' for any large, sophisticated investor."
—Jane Buchan, Chief Executive Officer, Pacific Alternative Asset Management Company

"The New Science of Asset Allocation offers fresh, brutally honest insights and quantitatively rigorous guidance on how to measure and budget risk from an experienced group that reminds us that judgment and common sense also matter."
—Maureen E. O'Toole, Managing Director, Citi Private Bank