Alexey Mikhaylov

Asset Allocation in Investment Funds: Complementing the Post Modern Portfolio Theory Alexey Mikhaylov

Investing in the investment fund (mutual or hedge fund) is the most effective method to manage your wealth. When you are investing in different asset classes (equities, bonds, deposits, goods, real estate) it is important to choose an effective investment strategy for you, which takes into account your personal risk tolerance, target performance and liquidity. Modern portfolio theory takes into account only the historical riskiness of the asset classes and the existing trends of changes in their prices. Although, in addition, significant factors are organizational structure, macroeconomic situation, impact of liquidity risk assets. After the global economic crisis of 2008, the price of financial assets remains a subject to sharp fluctuations, so it is important to be able to change the structure of the investment portfolio with the help of the mechanism for switching of investment strategies. The book is intended for investment bankers, business owners and all who interested in effective investing.