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Free PDF ebooks (user's guide, manuals, sheets) about Active portfolio management grinold and kahn ready for download. We have a natural interest in what Ronald Kahn has had to say about the implications of Grinold's “Fundamental Law of Active. Management” for strategies such as TAA. Kahn suggests that. “Tactical asset allocation has a high skill hurdleto generate an equivalent information ratio [equivalent to stock picking], the tactical.
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