Active Portfolio Management - How to Beat the Index Funds
11 Pages Posted: 13 Nov 2013
Date Written: May 1975
An idealized model of the investment process redefines the respective roles of security analysts and portfolio managers, quantifies such concepts as activity and aggressiveness, and explains how the individual analyst's efforts at forecasting returns translate into improved portfolio performance.
Keywords: Treynor-Black, security analysis, portfolio management
JEL Classification: G10,G11
Suggested Citation: Suggested Citation