Modern portfolio theory is designed to optimize return for a given level of variance across a spectrum of investment opportunities. The ability to monitor and optimize a portfolio gives rise to the ...

Harry Markowitz, a Nobel Prize-winning economist who redefined money management by showing that diversification could reduce investment risk while maximizing returns, has died. He was 95. Markowitz ...

This paper is concerned with the problem of optimizing the structure of assets and liabilities of the property-liability insurer. The research is empirical and seeks to provide some preliminary ...