Fundamentals of Institutional Asset Management

Description

This book provides the fundamentals of asset management. It takes a practical perspective in describing asset management. Besides the theoretical aspects of investment management, it provides in-depth insights into the actual implementation issues associated with investment strategies. The 19 chapters combine theory and practice based on the experience of the authors in the asset management industry. The book starts off with describing the key activities involved in asset management and the various forms of risk in managing a portfolio. There is then coverage of the different asset classes (common stock, bonds, and alternative assets), collective investment vehicles, financial derivatives, common stock analysis and valuation, bond analytics, equity beta strategies (including smart beta), equity alpha strategies (including quantitative/systematic strategies), bond indexing and active bond portfolio strategies, and multi-asset strategies. The methods of using financial derivatives (equity derivatives, interest rate derivatives, and credit derivatives) in managing the risks of a portfolio are clearly explained and illustrated. Dedications Preface About the Authors Acknowledgments Contents Part I: Asset Management and Risk 1. Overview of Asset Management 2. The Different Types of Risks in Investing Part II: The Investment Vehicles 3. Fundamentals of Equities 4. Fundamentals of Debt Instruments 5. Collective Investment Vehicles and Alternative Assets 6. Basics of Financial Derivatives Part III: Modern Portfolio Theory and Asset Pricing 7. Measuring Return and Risk 8. Portfolio Theory: Mean-Variance Analysis and the Asset Allocation Decision 9. Asset Pricing Theories Part IV: Equity Analysis and Portfolio Management 10. Company Equity Analysis 11. Equity Valuation Models 12. Common Stock Beta Strategies 13. Common Stock Alpha Strategies 14. Using Equity Derivatives in Portfolio Management Part V: Bond Analytics and Portfolio Management 15. Bond Pricing and Yield Measures 16. Interest Rate Risk and Credit Risk Measures 17. Bond Portfolio Strategies 18. Using Derivatives in Bond Portfolio Management Part VI: Multi-asset Portfolio Strategies 19. Multi-asset Portfolio Strategies Author Index Subject Index