Managing Investment Portfolios: A Dynamic Process, 3rd

Managing Investment Portfolios now appears in its third edition, having served a worldwide readership of investment professionals through its first two. As before, the book’s purpose is to survey the best of current portfolio management practice. Recognizing that portfolio management is an integrated set of activities, topic coverage is organized according to a well-articulated portfolio management decision-making process. This organizing principle—in addition to the breadth of coverage, quality of content, and meticulous pedagogy—continues to distinguish this book from other investment texts.
The book consists of 13 chapters. Each chapter covers one major area and is written by a team of distinguished practitioners and researchers. The authors have adopted a structured and modular presentation style, attempting to clearly explain and illustrate each major concept, tool, or technique so that a generalist practitioner, studying independently, can readily grasp it and use it. Illustrations are abundant and frequently include questions and answers. Terminology is consistent across individual chapters. Just as the book organizes chapters consistent with
the portfolio management process, the individual chapters organize topic area knowledge logically, demonstrating processes that a practitioner can take to successfully address needs or tasks, e.g., the preparation of an investment policy statement for a client or the selection of an asset allocation that will help that client achieve his or her investment objectives. Within the unifying context of the portfolio management framework, the chapters thus complement and support each other. To further enhance understanding of the material, the publishers have
made available the Managing Investment Portfolios Workbook—a comprehensive companion study guide containing challenging practice questions and solutions.