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The Fund Industry: How Your Money is Managed
     

The Fund Industry: How Your Money is Managed

by Robert Pozen
 

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A guide to how your money is managed, with foreword by Nobel laureate Robert Shiller

The Fund Industry offers a comprehensive look at mutual funds and the investment management industry, for fund investors, those working in the fund industry, service providers to the industry and students of financial institutions or capital markets. Industry experts

Overview

A guide to how your money is managed, with foreword by Nobel laureate Robert Shiller

The Fund Industry offers a comprehensive look at mutual funds and the investment management industry, for fund investors, those working in the fund industry, service providers to the industry and students of financial institutions or capital markets. Industry experts Robert Pozen and Theresa Hamacher take readers on a tour of the business of asset management. Readers will learn how to research a fund and assess whether it's right for them; then they'll go behind the scenes to see how funds are invested, sold and regulated. This updated edition expands coverage of the segments of the industry where growth is hottest, including hedge funds, liquid alternatives, ETFs and target date funds—and adds an introduction to derivatives.

Mutual funds are a key component of financial planning for 96 million Americans. Nearly a quarter of U.S. household savings are invested in funds, which give individual investors affordable access to professional management. This book provides a detailed look at how firms in the industry:

  • Invest those savings in stocks and bonds
  • Evaluate the risks and returns of funds
  • Distribute funds directly to consumers or through financial advisors or retirement plans
  • Handle the complex operational and regulatory requirements of mutual funds
  • Vote proxies at the annual meetings of public companies
  • Expand their operations across borders

Along the way, the authors describe the latest trends and discuss the biggest controversies—all in straightforward and engaging prose. The Fund Industry is the essential guide to navigating the mutual fund industry.

Editorial Reviews

From the Publisher
“I think most people will find The Fund Industry one of the most informative books they’ve read in quite a while. … It shows that mutual fund investors know mighty little about where they’ve put their hard-earned money.”
Brenda Jubin, Seeking Alpha, February 2011

“We can even envision this book as required reading for new employees of investment advisory fi rms or suggested reading for directors new to the investment company industry.”
The Investor’s Guide to Closed-End Funds, April 2011 a Jubin, Seeking Alpha, February 2011

“ … a valuable overview of the operations of the mutual funds industry.”
Pensions & Investments, April 2011

“… the book is more than worthwhile … it certainly makes the recommended reading list.”
The New York Times, April 2011

Product Details

ISBN-13:
9781118929957
Publisher:
Wiley
Publication date:
01/05/2015
Series:
Wiley Finance
Sold by:
Barnes & Noble
Format:
NOOK Book
Pages:
544
Sales rank:
1,156,992
File size:
4 MB

What People are Saying About This

From the Publisher
“The result is a timely, comprehensive book for retail investors who want to know how their funds work (or don’t), for financial planners, and for students who aspire to join the fund industry.”—ValueWalk

Meet the Author

ROBERT POZEN is Senior Lecturer at Harvard Business School and a Senior Fellow at the Brookings Institution. During his distinguished career, he has been active in business, government, and academia. From 1997 to 2001, he was President of Fidelity Management&Research Co. From 2004 to 2011, he was executive Chairman of MFS Investment Management, which now manages over $400 billion in assets.

THERESA HAMACHER, CFA, is president of NICSA, a trade association serving the global investment management community. She is the former CIO for Pioneer Investment Management USA in Boston, Massachusetts. Previously, she was the CIO for Prudential Mutual Funds in Newark, New Jersey.

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