| 09.07.2010 Opalesque Exclusive: Comment: much alpha is probably other beta - Record |
| According to Modern Portfolio Theory, a theory of investment which tries to maximize portfolio expected return for a given amount of portfolio risk, portfolio return is a product of -to put it extremely simply - alpha (return from skill) and beta (market return). According to Neil Record, CEO of Record Currency Management, who spoke at the CFA Institute's UK Annual conference last month, a |
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