TY - JOUR T1 - Optimizing Portfolio Transitions JF - Trading SP - 55 LP - 58 VL - 2001 IS - 1 AU - Alan Mason AU - Cyrus Ramezani AU - David Rothenberg Y1 - 2001/03/20 UR - http://guides.pm-research.com/content/2001/1/55.abstract N2 - The goal of a transition manager is to balance opportunity costs with market impact costs, and implement portfolio restructurings at the lowest-possible transaction costs. If this objective is actually a type of dynamic optimization problem, what characteristics are embodied in an efficient and cost-effective transition manager? ER -