In "Redefining Portfolio Management for the Modern Age: Steering Strategic Success in Dynamic Environments," Angela M. Hart offers a groundbreaking approach to portfolio management in today's fast-paced world. This book equips professionals with the strategies and insights needed to navigate the complexities of modern markets, adapt to rapid change, and achieve strategic success. Hart combines real-world examples with expert analysis, providing readers with the tools to transform their portfolio management practices and secure a competitive edge in any dynamic environment.

If you want to have more peace of mind—no matter how world events are impacting the market—Investing Redefined has the advice you need to hear. Were you one of millions of Americans in 2008 wondering what you could have done differently to manage risks to your investments? Since then, have you changed your investment strategy or are you still doing the same things you did before the meltdown? Are you prepared for the next major crisis? Randy Swan believes it’s not a question of if, but rather when, the market will suffer another dramatic fall—and approaching the market in the same old way is the path to financial suicide. You need to redefine your investing strategy to seek protection for your money. Swan breaks down the factors that influence market events— from world governments and global debt to technological wild cards—and explains why most individuals, including investment professionals, are not adequately prepared for the likely consequences of the next market crisis. This book offers investors a new way to play the game. Randy Swan shares the strategy that his company, Swan Global Investments, has developed to remain always invested and always hedged against the worst risks, while making the most of the opportunities a down market can offer. His advice is to learn and be prepared: He shows you how in this valuable book.

Moving Beyond Modern Portfolio Theory: Investing That Matters tells the story of how Modern Portfolio Theory (MPT) revolutionized the investing world and the real economy, but is now showing its age. MPT has no mechanism to understand its impacts on the environmental, social and financial systems, nor any tools for investors to mitigate the havoc that systemic risks can wreck on their portfolios. It’s time for MPT to evolve. The authors propose a new imperative to improve finance’s ability to fulfil its twin main purposes: providing adequate returns to individuals and directing capital to where it is needed in the economy. They show how some of the largest investors in the world focus not on picking stocks, but on mitigating systemic risks, such as climate change and a lack of gender diversity, so as to improve the risk/return of the market as a whole, despite current theory saying that should be impossible. "Moving beyond MPT" recognizes the complex relations between investing and the systems on which capital markets rely, "Investing that matters" embraces MPT’s focus on diversification and risk adjusted return, but understands them in the context of the real economy and the total return needs of investors. Whether an investor, an MBA student, a Finance Professor or a sustainability professional, Moving Beyond Modern Portfolio Theory: Investing That Matters is thought-provoking and relevant. Its bold critique shows how the real world already is moving beyond investing orthodoxy.

What will your 100-year life look like? A new edition of the international bestseller, featuring a new preface 'Brilliant, timely, original, well written and utterly terrifying' Niall Ferguson Does the thought of working for 60 or 70 years fill you with dread? Or can you see the potential for a more stimulating future as a result of having so much extra time? Many of us have been raised on the traditional notion of a three-stage approach to our working lives: education, followed by work and then retirement. But this well-established pathway is already beginning to collapse – life expectancy is rising, final-salary pensions are vanishing, and increasing numbers of people are juggling multiple careers. Whether you are 18, 45 or 60, you will need to do things very differently from previous generations and learn to structure your life in completely new ways. The 100-Year Life is here to help. Drawing on the unique pairing of their experience in psychology and economics, Lynda Gratton and Andrew J. Scott offer a broad-ranging analysis as well as a raft of solutions, showing how to rethink your finances, your education, your career and your relationships and create a fulfilling 100-year life. · How can you fashion a career and life path that defines you and your values and creates a shifting balance between work and leisure? · What are the most effective ways of boosting your physical and mental health over a longer and more dynamic lifespan? · How can you make the most of your intangible assets – such as family and friends – as you build a productive, longer life? · In a multiple-stage life how can you learn to make the transitions that will be so crucial and experiment with new ways of living, working and learning? Shortlisted for the FT/McKinsey Business Book of the Year Award and featuring a new preface, The 100-Year Life is a wake-up call that describes what to expect and considers the choices and options that you will face. It is also fundamentally a call to action for individuals, politicians, firms and governments and offers the clearest demonstration that a 100-year life can be a wonderful and inspiring one.

This dissertation comprises three articles which are covering various aspects in the area of dynamic asset allocation, i.e., how to control an investor's portfolio composition over time in light of changing market conditions and various asset classes with differing return and risk profiles. In the first article, we propose the advancement of the traditional value-based rebalancing framework by setting the bandwidth weights in a non-static manner depending on current market characteristics, namely the relative price and volatility levels. The empirical analysis reveals significant excess returns in comparison to a buy and hold strategy, an idealized SAA strategy, as well as a rebalancing strategy with static bandwidths but otherwise comparable characteristics. The proposed approach also proves to be robust in various subsamples. In the second and third article, we break new ground by explicitly incorporating the risk dimension in the dynamic asset allocation process. In the second article, we present a rebalancing approach which applies the various asset classes' risk contributions to control the rebalancing process during the investment period. In strong contrast to traditional value-based rebalancing strategies, the resulting risk contribution strategies are capable of triggering rebalancing procedures based on deviations in an asset class's stand-alone volatility or correlation to the portfolio's remaining asset classes. Thus, this method lets investors closely maintain the asset classes' initial risk contributions. In the third article, we develop another approach which applies the loadings of the investor's portfolio on various key risk factors as indicators for triggering the rebalancing process. We implement the approach by monitoring the loadings on the risk factors interest rate, term spread, credit risk, equity premium, and volatility. We further define bandwidths for every risk factor loading. Once the effective loading.