FM Frank Mampaey (not verified) 2nd May 2017 | 1:06pm The question you raise is interesting. It is worth mentioning that Markowitz, as early as 1959, devoted significant attention to using semi-variance as a measure of risk. That approach may still be valid and useful. Reply
The question you raise is interesting. It is worth mentioning that Markowitz, as early as 1959, devoted significant attention to using semi-variance as a measure of risk. That approach may still be valid and useful.