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Portfolio Theory and the Management of Investment Trust Companies

In: Modern Portfolio Theory and Financial Institutions

Author

Listed:
  • W. G. Cochrane
  • K. J. Lyall

Abstract

The last ten to fifteen years have seen significant changes in attitudes to portfolio management. In part this has been due to the increasing dominance of the stock exchange by the investment decisions of those managing institutional portfolios. However, part has undoubtedly been the result of academic work which generally suggests portfolio investment strategies substantially different from those followed by many investment managers.

Suggested Citation

  • W. G. Cochrane & K. J. Lyall, 1983. "Portfolio Theory and the Management of Investment Trust Companies," Palgrave Macmillan Books, in: Desmond Corner & David G. Mayes (ed.), Modern Portfolio Theory and Financial Institutions, chapter 4, pages 75-94, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-05843-3_4
    DOI: 10.1007/978-1-349-05843-3_4
    as

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