Chapter 14 Applications of Markowitz Portfolio Theory To Pension Fund Design

Harry Markowitz (1952) published an article that revolutionized the way the world thought about investments, the investment process, and measuring and predicting portfolio performance. The impact of Harry’s 1952 article and his research that followed have been extraordinary. There is no doubt that this work is one of a handful of major breakthroughs that have changed not only the way we think about the world of finance, but also the way the world of finance functions.

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