Direct access to content
from April 19, 2012 to April 20, 2012
Between 19/04/2012 08:30 AM and 20/04/2012 05:30 PM
For more than 50 years, the industry of asset management has focused on delivering alpha through security selection as the main source of added-value, based on the assumption that market-cap-weighted indices were efficient portfolios. This sole focus, which did not fare well during recent times of market turbulences, has somewhat distracted the industry from another, more significant, source of added value: beta and risk management.