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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 ...
The Black–Litterman model has become one of the standard models widely used by investors around the world to optimize portfolios. [2] Litterman is the author of Modern Investment Management: An Equilibrium Approach, together with Goldman Sachs Asset Management's Quantitative Resources Group. [4]
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.
An ex-Goldman Sachs banker has won a sex-discrimination case after being dismissed by the bank. He said he was unfairly treated when he said he was struggling to balance work and parenthood.
Citigroup chief financial officer Mark Mason today told an audience of about 300 people gathered at the Conrad Hotel in New York why the bank was having trouble complying with demands by ...
“A Goldman Sachs job is a ‘golden ticket’—over 300,000 young bankers try to get one each year,” Fortune's Luisa Beltran recently observed. Noting that the Fortune 500 company is regarded ...
Black–Litterman model; Black–Scholes equation; Black–Scholes model; Black's approximation; Bootstrapping (finance) ... Goldman Sachs asset management factor ...
Gizelle George-Joseph, chief operating officer of global investment research at Goldman Sachs, joins Yahoo Finance to discuss Goldman Sachs’ $10 billion investment in its One Million Black Women ...