PT - JOURNAL ARTICLE AU - Alan Mason AU - Cyrus Ramezani AU - David Rothenberg TI - Optimizing Portfolio Transitions DP - 2001 Mar 20 TA - Trading PG - 55--58 VI - 2001 IP - 1 4099 - http://guides.pm-research.com/content/2001/1/55.short 4100 - http://guides.pm-research.com/content/2001/1/55.full AB - 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?