Asset Management - Company vs. Portfolio Analysis
Hey there,
this semester I have been taking a class called portfolio management. I was pretty interested in the AM field besides IBD and therefore I thought that I should give it a try.
However, most of the stuff is plain statistics and econometrics (don't get me wrong, I'm pretty good in that field, but I'm not really enjoying it).
So I was wondering, is it the same when you're actually working in Asset Management? During my internships I really enjoyed analysing companies, their financial statements, their markets, etc. I think that's something I would enjoy later at work. Do Asset Managers do analyses like this too when thinking about stocks for their portfolio, or is it just all about the risk/return statistics shit.
Thanks.
Most firms don't. Most firms also underperform their benchmark. Coincidence? You be the judge.
If its retail type AM shop that has a lot of small clients they typically follow standard asset allocation techniques and its all about risk/return. Value oriented hedge funds that manage large accounts will do security analysis.
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