Adaptive Asset Allocation Policies
Research paper by Professor
William F. Sharpe, published in the Financial Analysts Journal, Volume 66, Number 3 (May/June 2010).
Copyright 2010, CFA Institute. Reproduced and Republished from Financial Analysts Journal with
permission from CFA Institute. All rights reserved.
* William F. Sharpe
is the STANCO 25 Professor
of Finance, Emeritus at Stanford University's Graduate School of Business. He was one of the originators of
the Capital Asset Pricing Model and developed the Sharpe Ratio for investment performance analysis.
In 1990 he received the Nobel Prize in Economic Sciences.