Aswath Damodaran – Session 5 (Undergraduate): Risk and Return Models
In this session, we completed our discussion of the “right” objective function for businesses. We then began our discussion of risk by defining risk and listing the ingredients of a good risk and return model. We closed with an intuitive derivation of the capital asset pricing model and alternative models.
Slides: http://www.stern.nyu.edu/~adamodar/po…
Post class test: http://www.stern.nyu.edu/~adamodar/pd…
Post class test solution: http://www.stern.nyu.edu/~adamodar/pd…
With the S&P 500 falling a double-digit percentage in the first half, most equity hedge fund managers struggled to keep their heads above water. The performance of the equity hedge fund sector stands in stark contrast to macro hedge funds, which are enjoying one of the best runs of good performance since the financial crisis. Read More
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