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Advances in Equity Portfolio Construction Seminar

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.

In the face of these recent crises, and given the intrinsic difficulty in generating alpha, the question of the value-added by both active and passive managers has been raised with heightened intensity. Academic and industry research has offered convincing empirical evidence that neither traditional active management based on security selection and market timing nor purely passive management based on market-cap-weighted indices provide investors with efficient risk/reward tradeoffs. The combination of these empirical and theoretical developments has however left investors with a void. While an increasing number of advanced portfolio construction techniques have been proposed by academic research and applied in practice, a host of questions remain regarding how investors can construct portfolios that are both based on sound theoretical and statistical principles and able to address the numerous constraints of the practical portfolio management environment, such as implementation hurdles and peer-group comparisons.
Drawing on the expertise developed at the EDHEC-Risk Institute, the first part of the seminar equips participants with both the technical and conceptual tools that will allow them to better understand the limits and benefits of different portfolio construction approaches. The second part of the seminar discusses portfolio construction strategies applied in equity portfolio management and alternative indexing strategies.
The programme is intended for investment management professionals who advise on or participate in the design and implementation of portfolio construction models, and for sell-side practitioners who develop new portfolio construction solutions for investors. The seminar will also be insightful for investment professionals who analyse or decide on the adoption of appropriate model portfolios or benchmarks for equity investments or who are interested in customising their strategic equity benchmark.
The seminar is presented in a highly accessible manner by Felix Goltz, Head of Applied Research at EDHEC-Risk Institute, and Raman Uppal, Professor of Finance at EDHEC Business School.
Further information about the seminar is available here.
Type :
Contact :
Mlanie Ruiz
Location(s) :
EDHEC-Risk Institute London, 10 Fleet Place, Ludgate, London EC4M 7RB, United Kingdom


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