Theory and Practice of Investment Management / Edition 1

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Hoboken, NJ 2002 Hard cover New in new dust jacket. Sewn binding. Cloth over boards. With dust jacket. 800 p. Contains: Illustrations. Frank J. Fabozzi. Audience: General/trade.

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In today's financial environment, investment management requires 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 Theory and Practice of Investment Management recognizes these needs and addresses them with sharp, 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 the practical guidance you need to succeed within the investment management arena.

The Theory and Practice of Investment Management is the ultimate guide to understanding the various aspects of investment management and investment vehicles, and is essential reading for practitioners and students alike. Take this opportunity to use proven investment management techniques to protect and grow any portfolio.

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Product Details

  • ISBN-13: 9780471228998
  • Publisher: Wiley, John & Sons, Incorporated
  • Publication date: 9/24/2002
  • Series: Frank J. Fabozzi Series, #94
  • Edition number: 1
  • Pages: 912
  • Product dimensions: 6.30 (w) x 9.39 (h) x 2.13 (d)

Meet 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.

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Table of Contents

About the Editors
Contributing Authors
Sect. 1 Foundations of Investment Management 1
Ch. 1 Investment Management 3
Ch. 2 Portfolio Selection 15
Ch. 3 Applying Mean-Variance Analysis 43
Ch. 4 Asset Pricing Models 65
Ch. 5 Calculating Investment Returns 91
Sect. 2 Investing in Common Stock 119
Ch. 6 Common Stock Markets, Trading Arrangements, and Trading Costs 121
Ch. 7 Tracking Error and Common Stock Portfolio Management 163
Ch. 8 Common Stock Portfolio Management Strategies 181
Ch. 9 Traditional Fundamental Analysis I: Sources of Information 209
Ch. 10 Traditional Fundamental Analysis II: Financial Ratio Analysis 227
Ch. 11 Traditional Fundamental Analysis III: Earnings Analysis, Cash Analysis, Dividends, and Dividend Discount Models 275
Ch. 12 Security Analysis Using Value-Based Metrics 317
Ch. 13 Multi-Factor Equity Risk Models 343
Ch. 14 Equity Derivatives I: Features and Valuation 373
Ch. 15 Equity Derivatives II: Portfolio Management Applications 409
Sect. 3 Investing in Fixed-Income Securities 437
Ch. 16 Fixed-Income Securities 439
Ch. 17 Real Estate-Backed Securities 465
Ch. 18 General Principles of Bond Valuation 501
Ch. 19 Yield Measures and Forward Rates 525
Ch. 20 Valuation of Bonds with Embedded Options 549
Ch. 21 Measuring Interest Rate Risk 583
Ch. 22 Fixed-Income Portfolio Strategies 615
Ch. 23 Bond Portfolio Analysis Relative to a Benchmark 653
Ch. 24 Multi-Factor Fixed-Income Risk Models and Their Applications 665
Ch. 25 Fixed-Income Derivatives and Risk Control 697
Sect. 4 Investment Companies and Exchange-Traded Funds 725
Ch. 26 Investment Companies 727
Ch. 27 Exchange-Traded Funds 747
Sect. 5 Investing in Real Estate and Alternative Investments 761
Ch. 28 Real Estate Investment 763
Ch. 29 Hedge Funds 785
Ch. 30 Private Equity 815
Sect. 6 Asset Allocation 839
Ch. 31 Active Asset Allocation 841
Index 859
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Customer Reviews

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  • Anonymous

    Posted November 5, 2002

    Pricey Tome with Pompous Title

    Though co-edited by Markowitz, the Nobel prizewinner actually authors only a couple of chapters. Most of the remaining chapters are written or co-written by Fabozzi. Overall, I find the book too theoretical and not practical enough. It feels like a textbook written primarily to impress readers with the editors' learning. It also carries a textbook's price tag. One has to decide whether investing in this one gives enough value for the price. Personally, I have many investment books and don't mind to have another handy. But I don't see myself using it much, except for the occasional reference.

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