The Theory and Practice of Investment Management (Frank J. Fabozzi Series) [Hardcover]

Frank J. Fabozzi CFA (Editor), Harry M. Markowitz (Editor)

Book Description

ISBN-10: 0471228990 | ISBN-13: 978-0471228998 | Publication Date: August 16, 2002 | Edition: 1

Expert advice that applies the theory and practice of investment management to today's financial environment

The changing nature and rapid growth of the investment management industry, along with new theoretical developments in the field of finance, have led to a need for higher quality investment management practices and better qualified professionals. 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.

The Theory and Practice of Investment Management discusses and describes the full scope of investment products and strategies available in today's market. Led by financial experts Frank Fabozzi and Harry Markowitz, the contributors to this book are active, successful practitioners with hands-on expertise. By combining real-world financial knowledge with investment management theory, this book provides a complete analysis of all pertinent investment products-including hedge funds and private equity-and explores a wide range of investment strategies. Tying together theoretical advances in investment management with actual applications, this book gives readers an opportunity to use proven investment management techniques to protect and grow a portfolio under many different circumstances.

Editorial Reviews

From the Inside Flap

The changing nature and rapid growth of the investment management industry, along with new theoretical developments in the field of finance, have led to a need for higher-quality investment management practices and better qualified professionals. 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 this challenging environment.

Divided into six information-packed sections . . .

I: Foundations of Investment Management
II: Investing in Common Stock
III: Investing in Fixed-Income Securities
IV: Investment Companies and Exchange-Traded Funds
V: Investing in Real Estate and Alternative Investments
VI: Asset Allocation

. . . this well-rounded investment management resource offers a complete analysis of all pertinent investment products and explores a wide range of investment strategies.

As you progress through each chapter, you'll gain a firmer understanding of everything from stocks and bonds to hedge funds and private equity funds. But that is only the beginning.

The Theory and Practice of Investment Management continues with coverage of the asset allocation process and the types of asset allocation; traditional fundamental security analysis and security analysis based on value-based metrics; portfolio selection (mean-variance analysis); and much more.

Many books focus on the theory of investment management and leave the details of the implementation of the theory up to you. This book illustrates how the theory is applied in practice while stressing the importance of the portfolio construction process. 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. Tying together theoretical advances in investment management with actual applications, this book gives you a unique opportunity to use proven investment management techniques to protect and grow a portfolio under many different circumstances.

From the Back Cover

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.

Comprising six distinct sections . . .

I: Foundations of Investment Management
II: Investing in Common Stock
III: Investing in Fixed-Income Securities
IV: Investment Companies and Exchange-Traded Funds
V: Investing in Real Estate and Alternative Investments
VI: Asset Allocation

. . . this comprehensive investment management resource offers valuable insights and analysis of all pertinent investment products while exploring a wide range of investment strategies.

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.

See all Editorial Reviews

Product Details

• Hardcover: 912 pages
• Publisher: Wiley; 1 edition (August 16, 2002)
• Language: English
• ISBN-10: 0471228990
• ISBN-13: 978-0471228998
• Product Dimensions: 9.1 x 6.2 x 2.1 inches
• Shipping Weight: 3 pounds
• Average Customer Review: 4.0 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #900,985 in Books (See Top 100 in Books)

More About the Author

Frank J. Fabozzi is Professor in the Practice of Finance and Becton Fellow at the Yale School of Management and Editor of the Journal of Portfolio Management. He is a Chartered Financial Analyst and earned a doctorate in economics from the City University of New York.

Customer Reviews

Most Helpful Customer Reviews

7 of 8 people found the following review helpful:

5.0 out of 5 stars Fabulous textbook, May 17, 2003

By 

DEREK P CURTIN (SYDNEY, NSW Australia) - See all my reviews

This review is from: The Theory and Practice of Investment Management (Frank J. Fabozzi Series) (Hardcover)

Ideal for students doing courses on Investment Management. Very clearly written and explained. Good index. Plenty of references to other writings in the field.

7 of 16 people found the following review helpful:

3.0 out of 5 stars Pricey Tome with a Pompous Title, October 20, 2002

By 

Bibliophile - See all my reviews

This review is from: The Theory and Practice of Investment Management (Frank J. Fabozzi Series) (Hardcover)

This is basically a textbook at textbook's price, useful for reference only. Too theoretical and technical to be practical. One wonders how one can apply anything written in it, other than feeling impressed by the book's size and the editors' learning. Read it for pleasure if you dare! Many chapters written by Fabozzi, but very few actually by Markowitz. I feel good having a book edited by a Nobel prizewinner sitting on my shelf among my other investment books (and I have many) but that's about all I can say about it.