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by devinzhang
January 18th, 2010, 1:22 pm
Forum: Careers Forum
Topic: CFA for Quants
Replies: 17
Views: 35911

CFA for Quants

Thanks Maelo!
by devinzhang
January 15th, 2010, 7:49 pm
Forum: Careers Forum
Topic: CFA for Quants
Replies: 17
Views: 35911

CFA for Quants

Thanks Maelo. I poke around but did not find a thread comparing different CQF available. Would you be a little more specific on the thread?
by devinzhang
January 15th, 2010, 1:49 pm
Forum: General Forum
Topic: Assumptions of Efficient Frontier (Mean variance Analysis in general)
Replies: 7
Views: 35498

Assumptions of Efficient Frontier (Mean variance Analysis in general)

Thanks iuliny. I will get the Meucci's book and read the relavent chapter for better understanding.
by devinzhang
January 14th, 2010, 9:41 pm
Forum: Careers Forum
Topic: CFA for Quants
Replies: 17
Views: 35911

CFA for Quants

<t>I am really newbie here and don't know too much about this field but want to have a start by getting some certificates. Would you guys give some suggestions?What is the best set of certificates for a quant to have for better job opportunities?CFA, CQF or some other certificates?Which certificate ...
by devinzhang
January 14th, 2010, 9:32 pm
Forum: General Forum
Topic: Assumptions of Efficient Frontier (Mean variance Analysis in general)
Replies: 7
Views: 35498

Assumptions of Efficient Frontier (Mean variance Analysis in general)

<t>Thanks Gardener3! You mean everywhere people mentioning normal distribution assumption really refer to CAPM instead of efficient frontier. Correct?Even in the first developed CAPM, investors are assumed to make decision solely on mean and variance but an equivalent assumption is the normal distri...
by devinzhang
January 14th, 2010, 6:31 pm
Forum: General Forum
Topic: Optimizing with respect to Sharpe ratio directly?
Replies: 7
Views: 36566

Optimizing with respect to Sharpe ratio directly?

Modern Portfolio Theory and Investment Analysis by Edwin J. Elton, etc
by devinzhang
January 14th, 2010, 4:43 pm
Forum: Careers Forum
Topic: Well accepted or recognized Certificate for Quatitative Finance?
Replies: 0
Views: 30681

Well accepted or recognized Certificate for Quatitative Finance?

Search online, there are tons of places offering certificate for quantitative finance. Is there a single most well known certificate for quantitative finance like Lexus in cars?
by devinzhang
January 14th, 2010, 4:39 pm
Forum: General Forum
Topic: Assumptions of Efficient Frontier (Mean variance Analysis in general)
Replies: 7
Views: 35498

Assumptions of Efficient Frontier (Mean variance Analysis in general)

<r>This is exactly what I think too. But look at the <URL url="http://en.wikipedia.org/wiki/Modern_portfolio_theory">http://en.wikipedia.org/wiki/Modern_portfolio_theory</URL> on the criticism part. The first is "Asset returns are (jointly) normally distributed random variables". Do you know where t...
by devinzhang
January 14th, 2010, 4:05 pm
Forum: General Forum
Topic: Mean variance portfolio optimization...
Replies: 10
Views: 34929

Mean variance portfolio optimization...

<t>My friends have the same double on the epxected returns/volatilities from historical data. But what models for correlation/volatility do not depends on the historical data? Do we have statistics on the improvement of using fundamental analysis over simple exponential moving average of the histori...
by devinzhang
January 14th, 2010, 2:28 pm
Forum: General Forum
Topic: Assumptions of Efficient Frontier (Mean variance Analysis in general)
Replies: 7
Views: 35498

Assumptions of Efficient Frontier (Mean variance Analysis in general)

<t>A lot of places mention one restriction of Efficient frontier is the assumption of normal distribution for the risk returns. However, where the assumption is applied in the process of mean variance analysis? It does not seem appear in the process of formulation of expected returns or covariance m...