Institutional Investment Management: Equity and Bond Portfolio Strategies and Applications (Frank J. Fabozzi Series) [Hardcover]

The most comprehensive coverage of institutional investment management issues

This comprehensive handbook of investment management theories, concepts, and applications opens with an overview of the financial markets and investments, as well as a look at institutional investors and their objectives. From here, respected investment expert Frank Fabozzi moves on to cover a wide array of issues in this evolving field. From valuation and fixed income analysis to alternative investments and asset allocation, Fabozzi provides the best in cutting–edge information for new and seasoned practitioners, as well as professors and students of finance.

• Contains practical, real–world applications of investment management theories and concepts
• Uses unique illustrations of factor models to highlight how to build a portfolio
• Includes insights on execution and measurement of transaction costs
• Covers fixed income (particularly structured products) and derivatives

Institutional Investment Management is an essential read for anyone who needs to hone their skills in this discipline.

The investment process can be difficult to follow at times, but with the right guidance, and some discipline, you can become proficient at putting the pieces of this puzzle together. Nobody is more familiar with this situation than author Frank Fabozzi—an expert in the areas of investment management and structured finance. And now, with Institutional Investment Management, he draws upon his extensive experience in this field to help you excel at this difficult endeavor.

While the basic principles of investment management are applicable to all investors, there are nuances that are unique to the management of institutional funds. That′s why it′s important for those involved in this specific arena to become better acquainted with the management of institutional investors′ portfolios.

Divided into four comprehensive parts—Port–folio Theory and Asset Pricing; Common Stock Analysis and Portfolio Management; Bond Analysis and Portfolio Management; and Investment Companies, Exchange–Traded Funds, and Alternative Investments—this reliable resource opens with an informative overview of the investment management process, then quickly moves on to cover an array of issues that both new and seasoned practitioners, as well as students of finance, can benefit from reading.

Some of the many topics covered include:

• Modern portfolio theory, also known as mean–variance analysis, and specific asset pricing models

• Common stock analysis and portfolio management: from discounted cash flow models and performance evaluation to transaction costs and trade execution

• Bond analysis and portfolio management: from the fundamentals of various bond products to price volatility and interest rate risk

• Using derivative instruments—options, futures, and swaps—to effectively control a portfolio′s risk and reduce the cost of implementing investment strategies

• Adapting the theory of institutional investment management to real–world conditions

• Investment vehicles that offer an alternative to the direct investment in stocks and bonds

Managing the funds of an institution can be demanding, but with the tools and techniques found in Institutional Investment Management, you′ll be prepared to handle this responsibility and make the major decisions involved with these types of portfolios.