The job planning, implementing, and overseeing the fund of and individual investor or and institution is referred to as investment management. The purpose of this book i sto describe the process of investment management.
- The focus of this text is on management of funds of institutional investors.
- Managers of institutional fund manage those fund to meet certain investment objectives. Therefore, a thorough treatment of the investment objectives of institutional investors and the constraints imposed on the manager of the fund of these institutions are made clear to students so that they can fully appreciate investment strategies.
-This text emphasis on fixed-income portfolio management.
-THe section on derivative instruments teach how these instruments can be used to effectively control a portfolio’s risk and how they may be used to reduce the cost of implementing investment strategies. (text from the back cover)