Download or read book Dynamic Asset Allocation written by James Picerno and published by Bloomberg Press. This book was released on 2010-02-17 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today’s modern portfolio theory is not your father’s MPT. It has undergone many changes in the past fifty years. Indeed, a new understanding of MPT has emerged, one that has a significant impact on managing asset allocation—especially in today’s turbulent markets. Dynamic Asset Allocation interprets and integrates the developments in modern portfolio theory: from the efficient-market hypothesis and indexing of decades past to strategies for building winning portfolios today. The book is filled with practical, hands-on advice for investors, including guidance on approaching investment as a risk-management task.