[原创]Black-Litterman model classes, manager, expected, returns, process

Carson

請問Unconstrained Black-Litterman 和 Black-Litterman

是否都是一樣用reverse optimization 方法?

書本說Unconstrained Black-Litterman draws weights of asset classes from a global index . Applying a Bayesian process,the manager increases or decreases the weights based upon her views of expected asset class returns