The Architecture of Wealth

The Art and Science of Portfolio Construction

Description

Andrew S. Clarke, CFA, Nelson W. Wicas, PhD, and Ganesh A. Suntharam, CFA, bring decades of investment research experience to The Architecture of Wealth. Clarke and Wicas held key research and portfolio management roles at The Vanguard Group. At Redpoint Investment Management, Suntharam and Wicas created and managed active quantitative equity strategies for institutional investors. At Haverford College, Wicas developed a popular investment course that forms the foundation for this book. Together, the authors deliver a thorough examination of how modern portfolio theory translates into real-world investing decisions. The Architecture of Wealth traces the development of investment management over the last 75 years, from the birth of modern portfolio theory in the 1950s to recent advances in behavioral economics and alternative investments. The authors detail the analytical techniques used to identify promising investment opportunities to enhance return, control risk, and achieve financial goals. Beyond theory, the book provides step-by-step guides to construct a modern investment portfolio. Readers will explore risk models, optimization methods, and practical steps for portfolio implementation. Clarke, Wicas, and Suntharam draw on their experience at firms including Vanguard, Barra, Redpoint, Perpetual and Aware Super to illustrate the application of quantitative tools in real market conditions, making abstract concepts concrete and actionable. Written for undergraduate and MBA students, CFA candidates, and all committed investors and advisors, The Architecture of Wealth combines the readability of a practitioner narrative with the empirical rigor of a classroom text. Its quantitative explorations and real-world case studies make it a valuable resource for any reader with a serious interest in portfolio construction and investment strategy.
€ 56,95
Gebonden
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Year
2026
Language
English
Pages
336
EAN
9781394382767
Binding format
Gebonden

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