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n 1814, the war being raged on the seas of the Indian Ocean by the all-powerful Franco-British naval forces trying to dominate the lucrative trade routes to India, had ended with a truce. At the stroke of a pen, far away in the city of Paris, the exotic, tropical islands of the Seychelles became a British colony. Forged from their French descendants and African slave roots, and moulded by their new British rulers, a small nation had emerged. It is July 1912 on the island of Mahe, and Anna Savy has just turned sixteen. Anna is a passionate, nature-loving and rebellious young woman at a time when women are confined to specific roles and expectations, and custom and tradition prevail with rever...
This survey of portfolio theory, from its modern origins through more sophisticated, “postmodern” incarnations, evaluates portfolio risk according to the first four moments of any statistical distribution: mean, variance, skewness, and excess kurtosis. In pursuit of financial models that more accurately describe abnormal markets and investor psychology, this book bifurcates beta on either side of mean returns. It then evaluates this traditional risk measure according to its relative volatility and correlation components. After specifying a four-moment capital asset pricing model, this book devotes special attention to measures of market risk in global banking regulation. Despite the defi...
The two volume set LNCS 3696 and LNCS 3697 constitutes the refereed proceedings of the 15th International Conference on Artificial Neural Networks, ICANN 2005, held in Warsaw, Poland in September 2005. The over 600 papers submitted to ICANN 2005 were thoroughly reviewed and carefully selected for presentation. The first volume includes 106 contributions related to Biological Inspirations; topics addressed are modeling the brain and cognitive functions, development of cognitive powers in embodied systems spiking neural networks, associative memory models, models of biological functions, projects in the area of neuroIT, evolutionary and other biological inspirations, self-organizing maps and t...
This volume is the first part of the two-volume proceedings of the International C- ference on Artificial Neural Networks (ICANN 2005), held on September 11–15, 2005 in Warsaw, Poland, with several accompanying workshops held on September 15, 2005 at the Nicolaus Copernicus University, Toru , Poland. The ICANN conference is an annual meeting organized by the European Neural Network Society in cooperation with the International Neural Network Society, the Japanese Neural Network Society, and the IEEE Computational Intelligence Society. It is the premier European event covering all topics concerned with neural networks and related areas. The ICANN series of conferences was initiated in 1991 ...
An intuitive and effective desk reference for performance measurement in asset and wealth management In The Complete Guide to Portfolio Performance: Appraise, Analyse, Act, a team of finance professors with extended practical experience deliver a hands-on desk reference for asset and wealth managers suitable for everyday use. Intuitively organized and full of concrete examples of the real-world implementation of the concepts discussed within, the book provides a comprehensive coverage of all important portfolio performance matters across 18 chapters of actionable and clearly described content. The authors have provided relevant cross-referencing where appropriate, “Key Takeaways and Equati...
„Asset Allocation im Private Banking“, die Vermögensanlage wohlhabender Privatkunden, berücksichtigt persönliche Interessen und Zugang zu traditionellen und alternativen Anlageklassen. Methoden des modernen Anlage- und Risikomanagements nutzen passende Kennzahlen, Szenarioplanung zur Modellierung der Zukunft und fortschrittliche Optimierungsverfahren in der Portfolioselektion. Schwächen traditioneller Verfahren, wie die der Mean-Variance-Optimierung nach Markowitz, werden behoben. Zusammenfassend wird ein Entscheidungsmodell für wohlhabende Privatkunden zur strategischen (langfristigen) Aufteilung des Vermögens auf verschiedene Anlagen entwickelt. Die Vielfalt und Komplexität alte...
First English-language edition of Emmanuel Bénézit's Dictionnaire critique et documentaire des peintres, sculpteurs, dessinateurs et graveurs, based on the 14-volume French edition published in 1999. It has been revised, adapted and updated.--Preface.