Investors are desperately looking for talented fund managers. The best manager may not be the one at the of top of a return-sorted table, but measuring performance is much more complex. In this short-guide, we present the state-of-the-art approach and talk about some of the practical issues.
In April, 4th 2020, to fight against Covid-19 spread, Turkey prohibited all entrances and exits of some of the biggest cities. If you live in a city that all other cities in the neighborhood are blocked then you are also. So a country does not need to block all cities for a complete inter-city mobility ban. What is the least number of cities to be blocked for a complete ban?
We trade assets to make investments. The market value of an asset changes over-time, so our portfolio. We calculate these values give a list of trades.
The Black-Litterman model is a portfolio allocation framework in which asset returns are based on market equilibrium returns adjusted by subjective forecasts called views.