What We Are Reading Today: Quantitative Management of Bond Portfolios

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Updated 29 May 2020
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What We Are Reading Today: Quantitative Management of Bond Portfolios

Authors: Lev Dynkin, Anthony Gould, Jay Hyman, Vadim Konstantinovsky and Bruce Phelps

The practice of institutional bond portfolio management has changed markedly since the late 1980s in response to new financial instruments, investment methodologies, and improved analytics. Investors are looking for a more disciplined, quantitative approach to asset management. Here, 5 top authorities from a leading Wall Street firm provide practical solutions and feasible methodologies based on investor inquiries. 

While taking a quantitative approach, they avoid complex mathematical derivations, making the book accessible to a wide audience, including portfolio managers, plan sponsors, research analysts, risk managers, academics, students, and anyone interested in bond portfolio management.

The book covers a range of subjects of concern to fixed-income portfolio managers — investment style, benchmark replication and customization, managing credit and mortgage portfolios, managing central bank reserves, and risk optimization.


What We Are Reading Today: ‘The Spike’ by Mark Humphries

Updated 17 November 2024
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What We Are Reading Today: ‘The Spike’ by Mark Humphries

We see the last cookie in the box and think, can I take that? We reach a hand out. In the 2.1 seconds that this impulse travels through our brain, billions of neurons communicate with one another, sending blips of voltage through our sensory and motor regions.

Neuroscientists call these blips “spikes.” Spikes enable us to do everything: talk, eat, run, see, plan, and decide. In “The Spike,” Mark Humphries takes readers on the epic journey of a spike through a single, brief reaction.


What We Are Reading Today: ‘Lost Souls’ by Sheila Fitzpatrick

Updated 16 November 2024
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What We Are Reading Today: ‘Lost Souls’ by Sheila Fitzpatrick

When World War II ended, about 1 million people whom the Soviet Union claimed as its citizens were outside the borders of the USSR, mostly in the Western-occupied zones of Germany and Austria.

These “displaced persons,” or DPs—Russians, prewar Soviet citizens, and people from West Ukraine and the Baltic states forcibly incorporated into the Soviet Union in 1939—refused to repatriate to the Soviet Union despite its demands.

Thus began one of the first big conflicts of the Cold War. In “Lost Souls,” Sheila Fitzpatrick draws on new archival research, including Soviet interviews with hundreds of DPs, to offer a vivid account of this crisis, from the competitive maneuverings of politicians and diplomats to the everyday lives of DPs.


What We Are Reading Today: Leibniz in His World: The Making of a Savant

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Updated 15 November 2024
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What We Are Reading Today: Leibniz in His World: The Making of a Savant

  • Drawing on extensive correspondence by Leibniz and many leading figures of the age, Audrey Borowski paints a nuanced portrait of Leibniz in the 1670s, during his “Paris sojourn” as a young diplomat

Author: Audrey Borowski

Described by Voltaire as “perhaps a man of the most universal learning in Europe,” Gottfried Wilhelm Leibniz (1646–1716) is often portrayed as a rationalist and philosopher who was wholly detached from the worldly concerns of his fellow men. Leibniz in His World provides a groundbreaking reassessment of Leibniz, telling the story of his trials and tribulations as an aspiring scientist and courtier navigating the learned and courtly circles of early modern Europe and the Republic of Letters.

Drawing on extensive correspondence by Leibniz and many leading figures of the age, Audrey Borowski paints a nuanced portrait of Leibniz in the 1670s, during his “Paris sojourn” as a young diplomat and in Germany at the court of Duke Johann Friedrich of Hanover. She challenges the image of Leibniz as an isolated genius, revealing instead a man of multiple identities whose thought was shaped by a deep engagement with the social and intellectual milieus of his time. Borowski shows us Leibniz as he was known to his contemporaries, enabling us to rediscover him as an enigmatic young man who was complex and all too human.

 

 


What We Are Reading Today: Henry V by Dan Jones

Updated 14 November 2024
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What We Are Reading Today: Henry V by Dan Jones

Dan Jones’ “Henry V” examines the life and leadership of England’s greatest medieval king.
In 1413, when Henry V ascended to the English throne, his kingdom was hopelessly torn apart by political faction but in less than ten years, he turns it all around. By common consensus in his day, and for hundreds of years afterward, Henry was the greatest medieval king that ever lived.
A historical titan, Henry V transcends the Middle Ages which produced him, and his life story has much to teach us today.

What We Are Reading Today: ‘Following the Bend’ by Ellen Wohl

Updated 13 November 2024
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What We Are Reading Today: ‘Following the Bend’ by Ellen Wohl

When we look at a river, either up close or while flying over a river valley, what are we really seeing?

“Following the Bend” takes readers on a majestic journey by water to find answers, along the way shedding light on the key concepts of modern river science, from hydrology and water chemistry to stream and wetland ecology.

In this accessible and uniquely personal book, Ellen Wohl explains how to “read” a river, blending the latest science with her own personal experiences as a geologist and naturalist who has worked on rivers for more than three decades.