Investment Management

KEY BENEFIT: "Skillfully tying together theory and practice, this informative and comprehensive guide considers the management of funds of institutional investors (depository institutions, insurance companies, investment companies, pension funds, and endowment funds and foundations), offering a detailed study of the role of analysts and the various approaches to forecasting corporate earnings. "Presents a thorough treatment of the investment objectives of institutional investors and the constraints imposed on those who manage these funds. Looks at transactions costs beyond that of simple brokerage fees and how these costs can be measured, and shows how to implement a hedging strategy for common stock portfolios and fixed-income portfolios. Provides performance measurement reporting under the standards established by the Association for Investment Management and Research, and offers techniques for evaluating investment performance beyond those of the basic measures emphasized in most books. Now offers significantly expanded coverage on fixed-income analysis and strategies; discusses the use of derivative instruments for risk control; and contains a much broader study of common stock analysis and portfolio management, with entirely new chapters on equity portfolio management, fundamental analysis, dividend discount models, and more.