The Handbook of Equity Style Management, 3rd Edition

by T. Daniel Coggin (Editor)

A fully updated guide to equity style management Pioneered by Nobel laureate William Sharpe, equity style management is derived from a correlation analysis of various equity style categories, such as value, growth, small cap, large cap and foreign stocks. In the Third Edition of The Handbook of Equity Style Management , twenty contributors from industry and academia help readers understand various equity style management issues, including equity style indices, different approaches to equity style measurement, foreign stock investing, tactical style management, behavioral aspects of equity style, and equity style benchmarks for manager selection and performance attribution. This updated edition gives readers the rationale behind equity style management, and shows how new strategies can be used to manage risk and improve returns.

352 pages, Hardcover

First published April 7, 2003

Reviews

[Max Lybbert · Rating 3 out of 5]

I'm a former co-worker of Thomas Becker (chapter 19). Well, we worked at the same company, but not (usually) on the same team. I have a habit of reading his old papers, including "The Mathematics of Returns-Based Style Analysis" parts 1 and 2. Those papers direct the interested reader to his chapter in this book (3rd edition). Contrary to popular belief, returns based style analysis is not linear regression.

Since I know how Becker teaches math, I got a copy. Many teachers explain how to calculate a number; Becker explains why the number is useful and how the calculation relates to that utility (e.g., a paper on the K-ratio, blog post on fixed rate equivalent). And his chapter delivers what I had hoped.

The other chapters are, frankly, a grab bag. Many are helpful and entertaining, some could have used more careful proofreading, and many focus in some way on Fama-French as it existed at the time.