Running Money: Professional Portfolio Management

Running Money: Professional Portfolio Management 1e focuses on the business investment decision-making from the perspective of the portfolio manager. The authors combined professional experience managing multi-billion-dollar mandates, working with real clients, and solving real investment problems is reflected throughout the text. Their goal is to expose students to what it is really like to “run money” professionally by providing the necessary tools. This new text is most effectively used in conjunction with cases, projects, and real-time portfolios requiring “hands on” application of the material. Excel Spreadsheets and Outboxes help the students understand the approach of this first edition text.

Scott Stewart is Research Associate Professor in the Finance and Economics Department at Boston University School of Management, and Faculty Director of the Master of Science in Investment Management (MSIM) Program. Dr. Stewart joined Boston University following a career in portfolio management running global equity, fixed income and asset allocation money, including 14 years at Fidelity Investments, where he was founder and Equity Group Leader of the Structured Investments GroupHe earned his MBA and Ph.D. in finance at Cornell University and is a CFA charterholder.

Christopher Piros has more than 20 years of experience in investment research, strategy, and portfolio management roles. Mostly recently, he was Director of Investment Strategy & Portfolio Management at Prudential Investments, LLC where he was responsible for establishing and leading PI’s discretionary portfolio management activities. He and his team also formulated the investment strategy advice disseminated through the firm’s wealth management platform. Dr Piros earned his Ph.D. in Economics at Harvard University and is a CFA charterholder.

Jeffrey Heisler is Chief Risk Officer at Venus Capital Management, an investment advisor that specializes in relative value trading strategies in emerging markets. Previously, he was a Senior Analyst for Gottex Fund Management, a leading fund of funds manager. Dr. Heisler was an Assistant Professor in the Finance and Economics Department at Boston University School of Management. He earned his MBA at the University of Chicago and his Ph.D. in finance at New York University. He is also a CFA charterholder.