Managing Investment Portfolios A Dynamic Process, Workbook

by Maginn, John L.; Tuttle, Donald L.; McLeavey, Dennis W.; Pinto, Jerald E.

• ISBN13: 9780470104934
• ISBN10: 0470104937
• Edition: 3rd
• Format: Paperback
• Copyright: 1991-01-16
• Publisher: Wiley

Summary

In the Third Edition of Managing Investment Portfolios, financial experts John Maginn, Donald Tuttle, Jerald Pinto, and Dennis McLeavey provide complete coverage of the most important issues surrounding modern portfolio management. Now, in Managing Investment Portfolios Workbook, Third Edition, they offer you a wealth of practical information and exercises that will solidify your understanding of the tools and techniques associated with this discipline. This comprehensive study guide--which parallels the main book chapter by chapter--contains challenging problems and a complete set of solutions as well as concise learning outcome statements and summary overviews. Topics reviewed include: The portfolio management process and the investment policy statement Managing individual and institutional investor portfolios Capital market expectations, fixed income, equity, and alternative investment portfolio management Monitoring and rebalancing a portfolio Global investment performance standards

Author Biography

John L. Maginn, CFA, is President of Maginn Associates, Inc. He is an adjunct professor at Creighton University.

Donald L. Tuttle, PHD, CFA, was vice president of CFA Institute in its Curriculum and Examinations Department from 1992 to 2004. He received his PhD from the University of North Carolina at Chapel Hill.

Jerald E. Pinto, PHD, CFA, is Director in the CFA and CIPM Programs Division at CFA Institute. He holds an MBA from Baruch College and a PhD in finance from the Stern School, and earned his CFA charter in 1992.

Dennis W. Mcleavey, CFA, is Head of Professional Development Products at CFA Institute. He holds a doctorate from Indiana University and earned his CFA charter in 1990.

Table of Contents

Learning Outcomes, Summary Overview, and Problems
The Portfolio Management Process and the Investment Policy Statement	p. 3
Learning Outcomes	p. 4
Summary Overview	p. 4
Problems	p. 6
Managing Individual Investor Portfolios	p. 12
Learning Outcomes	p. 12
Summary Overview	p. 13
Problems	p. 15
Managing Institutional Investor Portfolios	p. 25
Learning Outcomes	p. 25
Summary Overview	p. 26
Problems	p. 28
Capital Market Expectations	p. 35
Learning Outcomes	p. 35
Summary Overview	p. 36
Problems	p. 38
Asset Allocation	p. 47
Learning Outcomes	p. 47
Summary Overview	p. 48
Problems	p. 50
Fixed-Income Portfolio Management	p. 60
Learning Outcomes	p. 60
Summary Overview	p. 61
Problems	p. 64
Equity Portfolio Management	p. 69
Learning Outcomes	p. 69
Summary Overview	p. 70
Problems	p. 72
Alternative Investments Portfolio Management	p. 76
Learning Outcomes	p. 77
Summary Overview	p. 78
Problems	p. 79
Risk Management	p. 86
Learning Outcomes	p. 86
Summary Overview	p. 87
Problems	p. 89
Execution of Portfolio Decisions	p. 95
Learning Outcomes	p. 95
Summary Overview	p. 96
Problems	p. 97
Monitoring and Rebalancing	p. 102
Learning Outcomes	p. 102
Summary Overview	p. 103
Problems	p. 104
Evaluating Portfolio Performance	p. 112
Learning Outcomes	p. 112
Summary Overview	p. 113
Problems	p. 116
Global Investment Performance Standards	p. 121
Learning Outcomes	p. 121
Summary Overview	p. 122
Problems	p. 125
Solutions
The Portfolio Management Process and the Investment Policy Statement	p. 135
Solutions	p. 135
Managing Individual Investor Portfolios	p. 140
Solutions	p. 140
Managing Institutional Investor Portfolios	p. 152
Solutions	p. 152
Capital Market Expectations	p. 160
Solutions	p. 160
Asset Allocation	p. 170
Solutions	p. 170
Fixed-Income Portfolio Management	p. 177
Solutions	p. 177
Equity Portfolio Management	p. 183
Solutions	p. 183
Alternative Investments Portfolio Management	p. 186
Solutions	p. 186
Risk Management	p. 194
Solutions	p. 194
Execution of Portfolio Decisions	p. 199
Solutions	p. 199
Monitoring and Rebalancing	p. 205
Solutions	p. 205
Evaluating Portfolio Performance	p. 210
Solutions	p. 210
Global Investment Performance Standards	p. 218
Solutions	p. 218
About the CFA Program	p. 231
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