A critical reading of portfolio management models. A review of the literature

      Аннотация: Price movements in the financial markets are determined by several factors. These include supply and demand, the overall economy, crises, inflation, trading strategies, return on equity, market sentiment and the firms themselves. Although several empirical models have been successful in explaining the behavior of financial markets, these explanations have been shown to be inconsistent and these models suffer from several limitations, including estimation errors, the impact of market information, and changes in market conditions between normal and crisis regimes. The objective of this book is to shed light on the weaknesses and criticisms of portfolio management models.

Ключевые слова: Risk Management, portfolio management, Optimization