The Theory and Practice of Investment Management Workbook Step-by-Step Exercises and Tests to Help You Master The Theory and Practice of Investment Management

by Markowitz, Harry M.; Fabozzi, Frank J.; Kostovetsky, Leonard

• ISBN13: 9780471489504
• ISBN10: 0471489506
• Edition: 1st
• Format: Paperback
• Copyright: 2004-02-19
• Publisher: WILEY

Summary

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. With The Theory and Practice of Investment Management Workbook as your guide, you can accomplish both of these objectives. If you're looking to supplement -- as well as test -- the financial knowledge you've gained by reading The Theory and Practice of Investment Management, then this companion workbook is essential. From introducing the basics to solidifying the complicated ins and outs of today's evolving theoretical developments, this Workbook will help you understand and implement the tools and techniques required for successful investment management. 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. Filled with challenging questions and a full answer key, The Theory and Practice of Investment Management Workbook is the best way to sharpen your investment management skills with regard to everything from stocks and bonds to hedge funds and private equity funds. Book jacket.

Author Biography

Frank J. Fabozzi, PhD, CFA, is Editor of the Journal of Portfolio Management, the Frederick Frank Adjunct Professor of Finance at Yale University's School of Management, and a consultant Harry M. Markowitz, PhD, is a consultant in the finance area. In 1990, he shared the Nobel Prize in Economics for his work in portfolio theory. In 1989, he received the John von Neumann Award from the Operations Research Society of America for his work in portfolio theory Leonard Kostovetsky is a PhD student in economics at Princeton University. He has written papers on mutual funds and hedge funds, and worked as a financial analyst at A.S.K. Financial Services in New York. He also founded and served as president of the Princeton Finance and Economics Forum

Table of Contents

Part One Questions And Problems	1	(316)
Chapter 1 Investment Management	3	(8)
Chapter 2 Portfolio Selection	11	(10)
Chapter 3 Applying Mean-Variance Analysis	21	(8)
Chapter 4 Asset Pricing Models	29	(12)
Chapter 5 Calculating Investment Returns	41	(10)
Chapter 6 Common Stock Markets, Trading Arrangements, And Trading Costs	51	(22)
Chapter 7 Tracking Error And Common Stock Portfolio Management	73	(8)
Chapter 8 Common Stock Portfolio Management Strategies	81	(8)
Chapter 9 Traditional Fundamental Analysis I: Sources Of Information	89	(6)
Chapter 10 Traditional Fundamental Analysis II: Financial Ratio Analysis	95	(12)
Chapter 11 Traditional Fundamental Analysis III: Earnings Analysis, Cash Analysis, Dividends, And Dividend Discount Models	107	(16)
Chapter 12 Security Analysis Using Value-Based Metrics	123	(10)
Chapter 13 Multi-Factor Equity Risk Models	133	(8)
Chapter 14 Equity Derivatives I: Features And Valuation	141	(12)
Chapter 15 Equity Derivatives II: Portfolio Management Applications	153	(6)
Chapter 16 Fixed-Income Securities	159	(12)
Chapter 17 Real Estate-Backed Securities	171	(14)
Chapter 18 General Principles Of Bond Valuation	185	(8)
Chapter 19 Yield Measures And Forward Rates	193	(10)
Chapter 20 Valuation Of Bonds With Embedded Options	203	(10)
Chapter 21 Measuring Interest Rate Risk	213	(14)
Chapter 22 Fixed-Income Portfolio Strategies	227	(10)
Chapter 23 Bond Portfolio Analysis Relative To A Benchmark	237	(4)
Chapter 24 Multi-Factor Fixed-Income Risk Models And Their Applications	241	(8)
Chapter 25 Fixed-Income Derivatives and Risk Control	249	(14)
Chapter 26 Investment Companies	263	(10)
Chapter 27 Exchange-Traded Funds	273	(6)
Chapter 28 Real Estate Investment	279	(8)
Chapter 29 Hedge Funds	287	(10)
Chapter 30 Private Equity	297	(14)
Chapter 31 Active Asset Allocation	311	(6)
Part Two Solutions	317
Chapter 1 Investment Management	319	(2)
Chapter 2 Portfolio Selection	321	(4)
Chapter 3 Applying Mean-Variance Analysis	325	(4)
Chapter 4 Asset Pricing Models	329	(4)
Chapter 5 Calculating Investment Returns	333	(4)
Chapter 6 Common Stock Markets, Trading Arrangements, And Trading Costs	337	(4)
Chapter 7 Tracking Error And Common Stock Portfolio Management	341	(2)
Chapter 8 Common Stock Portfolio Management Strategies	343	(4)
Chapter 9 Traditional Fundamental Analysis I: Sources Of Information	347	(2)
Chapter 10 Traditional Fundamental Analysis II: Financial Ratio Analysis	349	(4)
Chapter 11 Traditional Fundamental Analysis III: Earnings Analysis, Cash Analysis, Dividends, And Dividend Discount Models	353	(4)
Chapter 12 Security Analysis Using Value-Based Metrics	357	(2)
Chapter 13 Multi-Factor Equity Risk Models	359	(2)
Chapter 14 Equity Derivatives I: Features And Valuation	361	(4)
Chapter 15 Equity Derivatives Ii: Portfolio Management Applications	365	(2)
Chapter 16 Fixed-Income Securities	367	(4)
Chapter 17 Real Estate-Backed Securities	371	(4)
Chapter 18 General Principles Of Bond Valuation	375	(4)
Chapter 19 Yield Measures And Forward Rates	379	(4)
Chapter 20 Valuation Of Bonds With Embedded Options	383	(4)
Chapter 21 Measuring Interest Rate Risk	387	(4)
Chapter 22 Fixed-Income Portfolio Strategies	391	(4)
Chapter 23 Bond Portfolio Analysis Relative To A Benchmark	395	(2)
Chapter 24 Multi-Factor Fixed-Income Risk Models And Their Applications	397	(2)
Chapter 25 Fixed-Income Derivatives And Risk Control	399	(4)
Chapter 26 Investment Companies	403	(4)
Chapter 27 Exchange-Traded Funds	407	(2)
Chapter 28 Real Estate Investment	409	(2)
Chapter 29 Hedge Funds	411	(4)
Chapter 30 Private Equity	415	(4)
Chapter 31 Active Asset Allocation	419