The Theory and Practice of Investment Management

The changing nature and rapid growth of the investment management industry, along with new theoretical developments in the field of finance, have led to a need for higher-quality investment management practices and better qualified professionals. The Theory and Practice of Investment Management recognizes these needs and addresses them with sharp, innovative insights from some of the most respected experts in the field of investment management. Led by financial experts Frank Fabozzi and Harry Markowitz, the contributors to this book-successful practitioners with hands-on expertise-combine real-world financial knowledge with investment management theory to provide the practical guidance you need to succeed within this challenging environment. Divided into six information-packed sections . . . I: Foundations of Investment Management II: Investing in Common Stock III: Investing in Fixed-Income Securities IV: Investment Companies and Exchange-Traded Funds V: Investing in Real Estate and Alternative Investments VI: Asset Allocation . . . this well-rounded investment management resource offers a complete analysis of all pertinent investment products and explores a wide range of investment strategies. As you progress through each chapter, you'll gain a firmer understanding of everything from stocks and bonds to hedge funds and private equity funds. But that is only the beginning. The Theory and Practice of Investment Management continues with coverage of the asset allocation process and the types of asset allocation; traditional fundamental security analysis and security analysis based on value-based metrics; portfolio selection (mean-variance analysis); and much more. Many books focus on the theory of investment management and leave the details of the implementation of the theory up to you. This book illustrates how the theory is applied in practice while stressing the importance of the portfolio construction process. The Theory and Practice of Investment Management is the ultimate guide to understanding the various aspects of investment management and investment vehicles, and is essential reading for practitioners and students alike. Tying together theoretical advances in investment management with actual applications, this book gives you a unique opportunity to use proven investment management techniques to protect and grow a portfolio under many different circumstances.