Leland O'Brien Rubinstein Associates, Inc.: Portfolio Insurance (294-061)

Tufano, Peter (1994) Leland O'Brien Rubinstein Associates, Inc.: Portfolio Insurance (294-061). [Case]

Abstract

Leland O'Brien Rubinstein Associates, a small financial advisory firm founded in 1980, has created a successful business by selling a product commonly known as portfolio insurance. Portfolio insurance is a trading strategy that institutional investors use to establish a floor on the value of their equity portfolios, by essentially manufacturing a put option on a broad market index. The crash of 1987 highlights the flaws of this manufacturing process and forces principals of LOR to consider what to do next.

Item Type: Case
Keywords: finance, accounting, financial management
Subject(s): Finance
Date Deposited: 01 Apr 2016 13:00
Last Modified: 01 Apr 2016 13:00
Funders: n/a
URI: http://eureka.sbs.ox.ac.uk/id/eprint/6049

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