Managing Investment Portfolios: A Dynamic Process (CFA Institute Investment Series) [Hardcover]

John L. Maginn CFA (Editor), Donald L. Tuttle CFA (Editor), Dennis W. McLeavey CFA (Editor), Jerald E. Pinto CFA (Editor)

Book Description

ISBN-10: 0470080140 | ISBN-13: 978-0470080146 | Publication Date: March 9, 2007 | Edition: 3

"A rare blend of a well-organized, comprehensive guide to portfolio management and a deep, cutting-edge treatment of the key topics by distinguished authors who have all practiced what they preach. The subtitle, A Dynamic Process, points to the fresh, modern ideas that sparkle throughout this new edition. Just reading Peter Bernstein's thoughtful Foreword can move you forward in your thinking about this critical subject."
—Martin L. Leibowitz, Morgan Stanley

"Managing Investment Portfolios remains the definitive volume in explaining investment management as a process, providing organization and structure to a complex, multipart set of concepts and procedures. Anyone involved in the management of portfolios will benefit from a careful reading of this new edition."
—Charles P. Jones, CFA, Edwin Gill Professor of Finance, College of Management, North Carolina State University

Editorial Reviews

From the Inside Flap

As part of the CFA Institute Investment Series, the Third Edition of Managing Investment Portfolios has been designed for a wide range of individuals, from graduate-level students focused on finance to practicing investment professionals. This book, valuable for self-study as well as for general reference, provides complete coverage of the most important issues surrounding modern portfolio management.

In this latest edition, financial experts John Maginn, Donald Tuttle, Jerald Pinto, and Dennis McLeavey—along with a number of experienced contributors—fully update information associated with this important discipline by examining everything from asset allocation strategies to risk management frameworks. Blending theory with practice, they skillfully outline the entire flow of the portfolio management process—from formulating an investment policy statement to portfolio construction, trade execution, and monitoring and rebalancing a portfolio. Throughout the text, special attention is paid to ensuring the evenness of subject matter, consistencyof mathematical notation, and continuity of topic coverage that is so critical to the learning process.

Other elements that are discussed in detail include:

• Managing individual and institutional investor portfolios

• Capital market expectations

• Fixed income and equity portfolio management

• Evaluating portfolio performance

• Alternative investment portfolio management

• Global investment performance standards

And to further enhance your understanding of the tools and techniques explored here, don't forget to pick up Managing Investment Portfolios Workbook, Third Edition—a comprehensive companion study guide containing Learning Outcomes and Summary Overview sections along with challenging practice questions and solutions.

With each contributor bringing his own unique experiences and perspectives to the portfoliomanagement process, Managing Investment Portfolios, Third Edition distills the knowledge, skills, and abilities you need to succeed in today's fast-paced financial world.

From the Back Cover

"A rare blend of a well-organized, comprehensive guide to portfolio management and a deep, cutting-edge treatment of the key topics by distinguished authors who have all practiced what they preach. The subtitle, A Dynamic Process, points to the fresh, modern ideas that sparkle throughout this new edition. Just reading Peter Bernstein's thoughtful Foreword can move you forward in your thinking about this critical subject."
—Martin L. Leibowitz, Morgan Stanley

"Managing Investment Portfolios remains the definitive volume in explaining investment management as a process, providing organization and structure to a complex, multipart set of concepts and procedures. Anyone involved in the management of portfolios will benefit from a careful reading of this new edition."
—Charles P. Jones, CFA, Edwin Gill Professor of Finance, College of Management, North Carolina State University

See all Editorial Reviews

Product Details

• Hardcover: 960 pages
• Publisher: Wiley; 3 edition (March 9, 2007)
• Language: English
• ISBN-10: 0470080140
• ISBN-13: 978-0470080146
• Product Dimensions: 10.2 x 7.4 x 1.9 inches
• Shipping Weight: 3.8 pounds (View shipping rates and policies)
• Average Customer Review: 4.0 out of 5 stars  See all reviews (3 customer reviews)
• Amazon Best Sellers Rank: #196,777 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

24 of 29 people found the following review helpful:

4.0 out of 5 stars Reads just like a textbook, August 27, 2007

By 

enjoy (Arizona) - See all my reviews

This review is from: Managing Investment Portfolios: A Dynamic Process (CFA Institute Investment Series) (Hardcover)

For someone wanting a technical textbook, this is very good. For someone who wants more than just a textbook, or just really doesn't have any professional knowledge in the portfolio management field, and wants advise for managing his/her portfolio that is easy to understand and comprehend, this book is not for you.

11 of 12 people found the following review helpful:

5.0 out of 5 stars Comprehensive, November 18, 2008

By 

J. Valente (New Jersey) - See all my reviews
(REAL NAME)   

This review is from: Managing Investment Portfolios: A Dynamic Process (CFA Institute Investment Series) (Hardcover)

Very thorough background on issues/variables/concepts you need to understand and take into account when managing an investment portfolio, both personal and institutional.

4 of 4 people found the following review helpful:

3.0 out of 5 stars Beware, the book has around 40 authors!, June 7, 2011

By 

Alexey Sulinov - See all my reviews

Amazon Verified Purchase

This review is from: Managing Investment Portfolios: A Dynamic Process (CFA Institute Investment Series) (Hardcover)

Beware, the book has around 40 (!) authors, besides somewhat misleading cover statement about four persons (they are only editors). As a result the text is not consistent and uniform, although it has well-written parts like chapter 5 on asset allocation, which is co-authored by William Sharpe. Overall it is useful reference text if you already have enough knowledge of portfolio management process, but not something you will like to read in consecutive order.