{"title":"Bing Li","description":"\u003cp\u003eBing Li’s works explore sophisticated methodologies in \u003cstrong\u003efinance\u003c\/strong\u003e and \u003cstrong\u003einvestment\u003c\/strong\u003e, offering deep insights into complex topics like multi-asset strategies and risk management. Readers can expect rigorous analysis blended with practical applications, suitable for professionals and academics alike.\u003c\/p\u003e\n\n\u003cp\u003eIn the realm of \u003cem\u003ecomputing and technology\u003c\/em\u003e, Bing Li addresses advanced statistical techniques and data reduction methods, providing essential knowledge for those engaged in quantitative research and data-driven decision making. The careful balance of theory and practice makes these titles valuable resources.\u003c\/p\u003e","products":[{"product_id":"multi-asset-investing-by-pranay-gupta-9781119241522","title":"Multi-Asset Investing","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003eDespite the accepted fact that a substantial part of the risk and return of any portfolio comes from asset allocation, we find today that the majority of investment professionals worldwide are focused on security selection. \u003ci\u003eMulti-Asset Investing: A Practitioner’s Framework\u003c\/i\u003e questions this basic structure of the investment process and investment industry.\u003c\/p\u003e\n\n\u003cul\u003e\n    \u003cli\u003eWho says we have to separate alpha and beta?\u003c\/li\u003e\n    \u003cli\u003eAre the traditional definitions for risk and risk premium relevant in a multi-asset class world?\u003c\/li\u003e\n    \u003cli\u003eDo portfolios cater for the ‘real risks’ in their investment processes?\u003c\/li\u003e\n    \u003cli\u003eDoes the whole Emerging Markets demarcation make sense for investing?\u003c\/li\u003e\n    \u003cli\u003eWhy do active Asian managers perform much poorer compared to developed market managers?\u003c\/li\u003e\n    \u003cli\u003eCan you distinguish how much of a strategy’s performance comes from skill rather than luck?\u003c\/li\u003e\n    \u003cli\u003eDoes having a performance fee for your manager create alignment or misalignment?\u003c\/li\u003e\n    \u003cli\u003eWhy is the asset management transitioning from multi-asset strategies to multi-asset solutions?\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003eThese and many other questions are asked, and suggestions provided as potential solutions. Having worked together for fifteen years, the authors present implementable solutions which have helped them successfully manage large asset pools.\u003c\/p\u003e\n\n\u003cp\u003e\u003cb\u003eThe Academic Perspective\u003c\/b\u003e\u003c\/p\u003e\n\n\u003cp\u003e\u003ci\u003eMulti-Asset Investing asks fundamental questions about the asset allocation investment processes in use today, and can have a substantial impact on the future structure of the finance industry. It clarifies and distils the techniques that investment professionals need to master to add value to client portfolios.\u003c\/i\u003e\u003c\/p\u003e\n\n\u003cp\u003e—Paul Smith, President \u0026amp; CEO, CFA Institute\u003c\/p\u003e\n\n\u003cp\u003e\u003ci\u003ePranay Gupta, Sven Skallsjo, and Bing Li describe the essential concepts and applications of multi-asset investing. Their treatment is far ranging and exceptionally lucid, and always with a nod to practical application. Buy this book and keep it close at hand.\u003c\/i\u003e\u003c\/p\u003e\n\n\u003cp\u003e—Mark Kritzman, MIT Sloane School of Management\u003c\/p\u003e\n\n\u003cp\u003e\u003ci\u003eInnovative solutions to some of the most difficult investment problems we are faced with today. Multi-asset Investing tackles investment issues which don’t have straightforward solutions, but nevertheless are faced by every investment professional. This book sets the standard for investment processes of all asset managers.\u003c\/i\u003e\u003c\/p\u003e\n\n\u003cp\u003e—SP Kothari, MIT Sloane School of Management\u003c\/p\u003e\n\n\u003cp\u003e\u003cb\u003eThe Asset Owner Perspective\u003c\/b\u003e\u003c\/p\u003e\n\n\u003cp\u003e\u003ci\u003eMulti-asset means different things to different people. This is the first text that details a comprehensive framework for managing any kind of multi-asset investment problem. Further, its explanation of the commercial aspects of managing a multi-asset investment business for an asset manager, private bank or asset owner make it an indispensable tool.\u003c\/i\u003e\u003c\/p\u003e\n\n\u003cp\u003e—Sadayuki Horie, Dy. Chairman - Investment Advisory Comm., Government Pension Investment Fund, Japan\u003c\/p\u003e\n\n\u003cp\u003e\u003ci\u003eMulti-Asset Investing shows the substantial scope there is to innovate the asset allocation process. With its novel approaches to allocation, portfolio construction and risk management, it demonstrates the substantial value that can be added to any portfolio. The solutions proposed by Multi-Asset Investing are creative, thought provoking, and may well be the way all portfolios need to be managed in the future.\u003c\/i\u003e\u003c\/p\u003e\n\n\u003cp\u003e—Mario Therrien, Senior Vice President, Caisse de Depot et Placement du Quebec, Canada\u003c\/p\u003e\n\n\u003cp\u003e\u003cb\u003eThe Asset Manager’s Perspective\u003c\/b\u003e\u003c\/p\u003e\n\n\u003cp\u003e\u003ci\u003eNever has astute asset allocation and diversification been more crucial than today. Asset Managers who are able to innovate their investment processes and products in this area are more likely to be the winners. Multi-Asset Investing provides both simple and sophisticated, tested and implementable techniques for successfully managing multi-asset portfolios.\u003c\/i\u003e\u003c\/p\u003e\n\n\u003cp\u003e—Vincent Camerlynck, former CEO BNP Paribas Investment Partners, Asia Pacific\u003c\/p\u003e\n\n\u003cp\u003e\u003cb\u003eThe Investment Strategist Perspective\u003c\/b\u003e\u003c\/p\u003e\n\n\u003cp\u003e\u003ci\u003eFor plan sponsors, portfolio managers, analysts and risk managers, Multi-Asset Investing is an unparalleled guide for portfolio management. Its approach to blending the quantitative and fundamental, top-down and bottom-up, and the risk and return frameworks makes it a valuable tool for any kind of investment professional. It clarifies a complex subject into a series of practical ideas to help add value to any portfolio.\u003c\/i\u003e\u003c\/p\u003e\n\n\u003cp\u003e—Ajay S. Kapur, Chief Strategist, BOA Merrill Lynch Asia\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Unknown","offers":[{"title":"Default Title","offer_id":47000686854380,"sku":"9781119241522","price":164.99,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/13362283482586.jpg?v=1763297134"},{"product_id":"sufficient-dimension-reduction-by-bing-li-9781498704472","title":"Sufficient Dimension Reduction","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003eSufficient dimension reduction is a rapidly developing research field that has wide applications in regression diagnostics, data visualization, machine learning, genomics, image processing, pattern recognition, and medicine, because these are fields that produce large datasets with a large number of variables. \u003cem\u003eSufficient Dimension Reduction: Methods and Applications with R\u003c\/em\u003e introduces the basic theories and the main methodologies, provides practical and easy-to-use algorithms and computer codes to implement these methodologies, and surveys the recent advances at the frontiers of this field.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eFeatures\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n  \u003cli\u003eProvides comprehensive coverage of this emerging research field.\u003c\/li\u003e\n  \u003cli\u003eSynthesises a wide variety of dimension reduction methods under a few unifying principles such as projection in Hilbert spaces, kernel mapping, and von Mises expansion.\u003c\/li\u003e\n  \u003cli\u003eReflects most recent advances such as nonlinear sufficient dimension reduction, dimension folding for tensorial data, as well as sufficient dimension reduction for functional data.\u003c\/li\u003e\n  \u003cli\u003eIncludes a set of computer codes written in R that are easily implemented by the readers.\u003c\/li\u003e\n  \u003cli\u003eUses real datasets available online to illustrate the usage and power of the described methods.\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003cp\u003eSufficient dimension reduction has undergone momentous development in recent years, partly due to the increased demands for techniques to process high-dimensional data, a hallmark of our age of Big Data. This book will serve as the perfect entry into the field for beginning researchers or a handy reference for advanced ones.\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eThe Author\u003c\/strong\u003e\u003c\/p\u003e\n\n\u003cp\u003e\u003cstrong\u003eBing Li\u003c\/strong\u003e obtained his Ph.D. from the University of Chicago. He is currently a Professor of Statistics at the Pennsylvania State University. His research interests cover sufficient dimension reduction, statistical graphical models, functional data analysis, machine learning, estimating equations and quasilikelihood, and robust statistics. He is a fellow of the Institute of Mathematical Statistics and the American Statistical Association. He is an Associate Editor for \u003cem\u003eThe Annals of Statistics\u003c\/em\u003e and the \u003cem\u003eJournal of the American Statistical Association\u003c\/em\u003e.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Taylor \u0026 Francis","offers":[{"title":"Default Title","offer_id":47607832379628,"sku":"9781498704472","price":217.0,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/9781498704472-sufficient-dimension-reduction.jpg?v=1778175359"}],"url":"https:\/\/bookhero.co.nz\/collections\/bing-li.oembed","provider":"Book Hero","version":"1.0","type":"link"}