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1 Introduction
Foundations
2 Consensus Expected Returns: The
Capital Asset Pricing Model
3 Risk
4 Exceptional Return, Benchmarks, and
Value Added
5 Residual Risk and Return: The
Information Ratio
6 The Fundamental Law of Active
Management
Expected Returns and Valuation
7 Expected Returns
and Arbitrage
Pricing Theory
8 Valuation in Theory
9 Valuation in Practice
Information Processing
10 Forecasting Basics
11 Advanced Forecasting
12 Information Analysis
13 The Information Horizon
Implementation
14 Portfolio Construction
15 Long/Short Investing
16 Transactions Costs, Turnover,
and
Trading
17 Performance Analysis
18 Asset Allocation
19 Benchmark Timing
20
The Historical Record for Active
Management
21 Open Questions
22 Summary |
