Efficiency implementation in the construction of active portfolios: an assessment through the fundamental law of active management

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Descripción: Active portfolio management aims to deliver superior returns through using an extensive analysis of securities in order to identify mispriced stocks and estimate alphas. Moreover, an active strategy relies on the capability of the active manager to transform his/her forecasting skills into an active portfolio. This thesis assesses the effects of investment constraints in the ex ante capabilities of an active manager to construct portfolios through the fundamental law of active management, and provides evidence on the efficiency loss of the manager in presence of such constraints through a Monte Carlo simulation.
Citación recomendada (normas APA)
: Fredy Alexánder Pulga Vivas, "Efficiency implementation in the construction of active portfolios: an assessment through the fundamental law of active management", -:-, 2012. Consultado en línea en la Biblioteca Digital de Bogotá (https://www.bibliotecadigitaldebogota.gov.co/resources/2084143/), el día 2025-07-04.

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