Running Money: Professional Portfolio Management 1e focuses on the business investment decision-making from the perspective of the portfolio manager. The authors combined professional experience managing multi-billion-dollar mandates, working with real clients, and solving real investment problems is reflected throughout the text. Their goal is to expose students to what it is really like to “run money” professionally by providing the necessary tools. This new text is most effectively used in conjunction with cases, projects, and real-time portfolios requiring “hands on” application of the material. Excel Spreadsheets and Outboxes help the students understand the approach of this first edition text.
Table of contents
Chapter 1: IntroductionChapter 2: Client Objectives for Managing Diversified PortfoliosChapter 3: Asset Allocation: The Mean Variance FrameworkChapter 4: Asset Allocation InputsChapter 5: Advanced Topics in Asset AllocationChapter 6: The Investment Management ProcessChapter 7: Introduction to Equity Portfolio InvestingChapter 8: Equity Portfolio ConstructionChapter 9: Fixed Income Portfolio ManagementChapter 10: Internal InvestingChapter 11: Alternative Investment ClassesChapter 12: Portfolio Management Through Time: Taxes and Transaction CostsChapter 13: Performance Measurement and AttributionChapter 14: Incentives, Ethics and PolicyChapter 15: Investor and Client BehaviorChapter 16: Managing Client RelationshipsAppendixesReferencesGlossary