Strategic Asset Allocation: Portfolio Choice for Long-Term Investors

This book links cutting-edge academic analysis of portfolio choice to the practical concerns of institutional investors, financial planners, and individual investors. It shows in empirical detail how long-term portfolios should differ from short-term portfolios. It is the first book-length treatment of one of the most exciting areas of modern finance, and is written by a leading academic who is also actively involved in managing a hedge fund.