FINANCE 656
Global Asset Allocation and Stock Selection
Campbell R. HarveyNotable faculty
J. Paul Sticht Professor at Fuqua and NBER research associate, known for research on asset allocation and luck versus skill in investing. Source
Description from DukeHub
The course objective is to deliver the theory and the quantitative tools that are necessary for global asset management. The focus of the course is on tactical rather than passive asset management. To this end, we develop the fundamental concepts of asset valuation in a world with time-varying risk and risk premiums. We also focus on the most recent advances in quantitative forecasting methods. A unique feature of this course is that students build their own asset management software. In addition, using some of the techniques in the course, they perform an out-of-sample asset allocation. The most recent data (from DATASTREAM) is used in this real-time allocation. This course is for Daytime MBA and Accelerated Daytime MBA students.
Skills
- data and statisticsdescription: "quantitative" and 2 more
- financedescription: "asset management" and 4 more
- programmingAI review: "students build their own asset management software"
AI-resilient: 1 of 5
- No: Physical, lab or field work
- No: Live work with people
- Yes: Judgment someone is accountable for · "risk"
- No: A craft you practice with your hands or body
- No: Small, in-person format
The checks lean on Microsoft Research, Working with AI (2025), which found generative AI applies least to physical work and hands-on work with people. A signal, not a promise. How the score works
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