Search results
Results from the WOW.Com Content Network
In finance, the Black–Litterman model is a mathematical model for portfolio allocation developed in 1990 at Goldman Sachs by Fischer Black and Robert Litterman, and published in 1992. It seeks to overcome problems that institutional investors have encountered in applying modern portfolio theory in practice. The model starts with an asset ...
Prior to Kepos Capital, Litterman spent 23 years at Goldman Sachs, where he was head of the Quantitative Resources Group in Goldman Sachs Asset Management for 11 years, starting in 1998. Prior to that position, Litterman headed the firm-wide risk department from 1994 to 1998, and prior to that he was the co-head of the model development group ...
Black has also received recognition as the co-author of the Black–Derman–Toy interest rate derivatives model, which was developed for in-house use by Goldman Sachs in the 1980s but eventually published. He also co-authored the Black–Litterman model on global asset allocation while at Goldman Sachs.
Writer par excellence James Stewart, who 20 years ago penned, "Den of Thieves," a superb book about the Michael Milken-centered insider trading scandals of the late 1980s, has a ready answer.
Because while ex-Goldman Sachs (NYS: GS) trader Greg Smith's new tell-all memoir, Why I Left Goldman Sachs: A Wall Street Story, just hit the stores yesterday, enterprising Tell-All Goldman Book ...
Instead, Ellis advocated a strategy of diversified low-cost index fund investing, and he expanded on this approach in his book Winning the Loser's Game. Ellis went on to write sixteen books and dozens of articles on investing, including: "The Partnership", the story of Goldman Sachs, and "What It Takes", a study of great professional firms.
Get ready for all of today's NYT 'Connections’ hints and answers for #552 on Saturday, December 14, 2024. Today's NYT Connections puzzle for Saturday, December 14, 2024The New York Times.
In 1985 Derman joined Goldman Sachs' fixed income division where he was one of the co-developers of the Black–Derman–Toy interest-rate model. [citation needed] He left Goldman Sachs at the end of 1988 to take a position at Salomon Brothers Inc. as head of Adjustable Rate Mortgage Research in the Bond Portfolio Analysis group. [citation needed]