The job of planning, implementing, and overseeing the funds of an individual investor or an institution is referred to as investment management. The purpose of this book is to describe the process of investment management.
The following distinct characteristics differentiate this text from others dealing with investment management :
- The focus is on the management of funds of institutional
investors (depository institutions, insurance companies,
investment companies, pension funds, and endowment funds
ansd foundations).
- Managers of institutional funds manage those funds to meet
certain investment objectives. Therefore, a thorough
treatment of the investment objectives of institutional investors
and the constraints imposed on the manager of the funds of
these institutions are made clear to students so that they can
fully appreciate investment strategies.
- Because most students who enter the investment
management business are employed by institutions that
concentrate on fixed-income products. This text places an
emphasis on fixed-income portfolio management.
- The sections on derivative instruments teach how these
instruments can be used to effectively control a portfolio's risk,
and how they may be used to reduce the cost of
implementing investment strategies.
Section 1 Background
Section 2 Portfolio theory and asset pricing
Section 3 Institutional investors and their objectives
Section 4 Common stock analysis and protfolio management
Section 5 Fixed income analysis and protfolio management
Section 6 Asset Allocation and performance evaluation