The Theory and Practice of Investment Management: Asset Allocation, Valuation, Portfolio Construction, and Strategies - Hardcover

Hardcover

ISBN 10: 0470929901 ISBN 13: 9780470929902

Publisher: Wiley, 2011

Synopsis

An updated guide to the theory and practice of investment management

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 theory is applied in practice while stressing the importance of the portfolio construction process.

The Second Edition of The Theory and Practice of Investment Management is the ultimate guide to understanding the various aspects of investment management and investment vehicles. Tying together theoretical advances in investment management with actual practical applications, this book gives you a unique opportunity to use proven investment management techniques to protect and grow a portfolio under many different circumstances.

• Contains new material on the latest tools and strategies for both equity and fixed income portfolio management
• Includes key take-aways as well as study questions at the conclusion of each chapter
• A timely updated guide to an important topic in today's investment world

This comprehensive investment management resource combines real-world financial knowledge with investment management theory to provide you with the practical guidance needed to succeed within the investment management arena.

About this title

About the Author

FRANK J. FABOZZI, PhD, CFA, CPA, is Professor in the Practice of Finance and Becton Fellow at the Yale School of Management, Editor of the Journal of Portfolio Management, and an Associate Editor of the Journal of Fixed Income. He is on the Advisory Council for the Department of Operations Research and Financial Engineering at Princeton University.

HARRY M. MARKOWITZ, PHD, is a consultant in the area of finance. In 1990, he was awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for his groundbreaking work in portfolio theory. In 1989, he received the John von Neumann Theory Prize from the Operations Research Society of America for his work in portfolio theory and other applications of mathematics and computers to business practice.

From the Back Cover

THE THEORY AND PRACTICE OF INVESTMENT MANAGEMENT

SECOND EDITION

In the challenging post financial crisis environment, investment managers require an understanding of a multitude of different issues, from how investment objectives are determined to the best way to construct a portfolio given an investment strategy. The Second Edition of The Theory and Practice of Investment Management recognizes these needs and addresses them with 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 you with the practical guidance needed to succeed within today's investment management arena.

Divided into three comprehensive parts (I) Instruments, Asset Allocation, Portfolio Selection, and Asset Pricing; (II) Equity Analysis and Portfolio Management; (III) Bond Analysis and Portfolio Management this comprehensive investment management resource offers valuable insights and analysis of all pertinent investment products while exploring a wide range of investment strategies.

Engaging and informative, the Second Edition of The Theory and Practice of Investment Management skillfully covers some of the most important aspects of this discipline along with the investment vehicles associated with it. Essential reading for practitioners and students alike, this valuable guide which contains key points and challenging questions in each chapter will help you use proven investment management techniques to protect and grow a portfolio within today's dynamic financial environment.

From the Inside Flap

The Second Edition of The Theory and Practice of Investment Management is the ultimate guide to understanding the various theoretical and practical aspects of investment management as well as the essential vehicles held in investment portfolios. Created with both practitioners and students in mind, this reliable resource ties together theoretical advances in investment management with actual applications--and prepares you to use proven investment management techniques to control risk while enhancing performance.

Led by financial experts Frank Fabozzi and Harry Markowitz, the contributors to this book--successful practitioners with hands-on expertise as well as application-oriented academics--combine their real-world financial knowledge with investment management theory to provide the practical guidance you need to succeed.

Divided into three informative parts--with key points and challenging questions found in each chapter--this edition of The Theory and Practice of Investment Management contains insights on every aspect of the investment management process, addressing:

• Asset allocation and portfolio construction

• Equity analysis and equity portfolio management strategies--with discussions of common stock valuation, long-short equity portfolios, equity derivatives, and more

• Bond analysis and bond portfolio management strategies--with coverage of asset-backed and mortgage-backed securities, yield measures, multifactor risk models, interest rate derivatives, and more

Many finance books focus on the theory of investment management and leave the details of the implementation up to you. This edition of The Theory and Practice of Investment Management takes a more comprehensive approach to this discipline by illustrating how theory is applied in practice while also stressing the importance of the portfolio construction process.

Edition details

• Publisher: Wiley
• Publication date: 2011
• Language: English
• ISBN 10: 0470929901
• ISBN 13: 9780470929902
• Binding: Hardcover
• Edition number: 2
• Number of pages: 704
• Editor: Fabozzi Frank J., Markowitz Harry M.