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Thesis

Topics on forward investment theory

Abstract:

In this thesis, we study three topics in optimal portfolio selection that are relevant to the theory of forward investment performance processes.

In Chapter 1, we develop a connection between the classical mean-variance optimisation and time-monotone forward performance processes for infinitesimal trading times. Namely, we consider consecutive mean-variance problems and we show that, for an appropriate choice of the corresponding mean-variance trade-off coefficients, the wealth proces...

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Institution:
University of Oxford
Division:
MPLS
Department:
Mathematical Institute
Role:
Author

Contributors

Institution:
University of Oxford
Division:
MPLS
Department:
Mathematical Institute
Role:
Supervisor
Institution:
University of Oxford
Division:
MPLS
Department:
Mathematical Institute
Role:
Supervisor


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Funding agency for:
Almeida Serra Costa Vitoria, PM
Grant:
SFRH / BD / 68331 / 2010


Publication date:
2015
DOI:
Type of award:
DPhil
Level of award:
Doctoral
Awarding institution:
University of Oxford


Language:
English
Keywords:
Subjects:
UUID:
uuid:158e9239-1385-4314-b337-3eed27c76dfc
Local pid:
ora:12469
Deposit date:
2016-05-19

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