Abstract
The last ten to fifteen years have seen significant changes in attitudes to portfolio management. In part this has been due to the increasing dominance of the stock exchange by the investment decisions of those managing institutional portfolios. However, part has undoubtedly been the result of academic work which generally suggests portfolio investment strategies substantially different from those followed by many investment managers.
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Notes
J. Lewis and M. Hamilton, The Stock Market Theories and Evidence, Homewood, Illinois, 1977.
London Business School, Risk Measurement Service, October–December 1979, p.8.
T. Jackson, The Enterprising Scot, Edinburgh, 1968.
W.G. Kerr, Scottish Capital on the American Credit Frontier, Austin, 1976.
W.F. Sharpe and H.B. Sosin, ‘Closed-end Investment Companies in the US’, Papers and Proceedings of the European Finance Association, Amsterdam, 1975.
H. Bullock, The Story of Investment Companies, New York, 1959, p.24.
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© 1983 Desmond Corner and David G. Mayes
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Cochrane, W.G., Lyall, K.J. (1983). Portfolio Theory and the Management of Investment Trust Companies. In: Corner, D., Mayes, D.G. (eds) Modern Portfolio Theory and Financial Institutions. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-05843-3_4
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DOI: https://doi.org/10.1007/978-1-349-05843-3_4
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