Читать книгу Alternative Investments - Black Keith H. - Страница 56

Factor investing is a recent development in the area of asset allocation, and some aspects of it are closely tied to the developments of certain hedge fund strategies. This section offers a brief introduction to this topic; detailed discussions of this approach can be found in Ang (2014). The basic ideas behind factor investing were developed by academic researchers over the past 30 years. However, only in recent years have these ideas been synthesized and presented in practical form by the investment industry.