Part I Learning Objectives, Summary Overview, and Problems 1
 
Chapter 1 Professionalism in the Investment Management 3
 
Learning Outcomes 3
 
Summary 3
 
Practice Problems 4
 
Chapter 2 Fintech in Investment Management 5
 
Learning Outcomes 5
 
Summary 5
 
Practice Problems 6
 
Chapter 3 Capital Market Expectations, Part 1: Framework and Macro Considerations 9
 
Learning Outcomes 9
 
Summary 10
 
Practice Problem 13
 
Chapter 4 Capital Market Expectations, Part 2: Forecasting Asset Class Returns 21
 
Learning Outcomes 21
 
Summary 22
 
Practice Problems 25
 
Chapter 5 Overview of Asset Allocation 35
 
Learning Outcomes 35
 
Summary 35
 
Practice Problems 37
 
Chapter 6 Principles of Asset Allocation 39
 
Learning Outcomes 39
 
Summary 40
 
Practice Problems 41
 
Chapter 7 Asset Allocation with Real-World Constraints 51
 
Learning Outcomes 51
 
Summary 51
 
Practice Problems 53
 
Chapter 8 Currency Management: An Introduction 63
 
Learning Outcomes 63
 
Summary 63
 
Practice Problems 66
 
Chapter 9 Overview of Fixed-Income Portfolio Management 79
 
Learning Outcomes 79
 
Summary 79
 
Practice Problems 81
 
Chapter 10 Liability-Driven and Index-Based Strategies 87
 
Learning Outcomes 87
 
Summary 87
 
Practice Problems 91
 
Chapter 11 Overview of Equity Portfolio Management 101
 
Learning Outcomes 101
 
Summary 101
 
Practice Problems 102
 
Chapter 12 Passive Equity Investing 105
 
Learning Outcomes 105
 
Summary 105
 
Practice Problems 107
 
Chapter 13 Active Equity Investing: Strategies 113
 
Learning Outcomes 113
 
Summary 113
 
Practice Problems 115
 
Chapter 14 Hedge Fund Strategies 121
 
Learning Outcomes 121
 
Summary 121
 
Practice Problems 124
 
Chapter 15 Overview of Private Wealth Management 131
 
Learning Outcomes 131
 
Summary 131
 
Practice Problems 133
 
Chapter 16 Topics in Private Wealth Management 141
 
Learning Outcomes 141
 
Summary 141
 
Practice Problems 144
 
Chapter 17 Portfolio Management for Institutional Investors 151
 
Learning Outcomes 151
 
Summary 152
 
Practice Problems 155
 
Chapter 18 Trade Strategy and Execution 163
 
Learning Outcomes 163
 
Summary 163
 
Practice Problems 165
 
Chapter 19 Portfolio Performance Evaluation 175
 
Learning Outcomes 175
 
Summary 176
 
Practice Problems 177
 
Chapter 20 Investment Manager Selection 181
 
Learning Outcomes 181
 
Summary 181
 
Practice Problems 183
 
Part II Solutions 199
 
Chapter 1 Professionalism in the Investment Management 201
 
Solutions 201
 
Chapter 2 Fintech in Investment Management 203
 
Solutions 203
 
Chapter 3 Capital Market Expectations, Part I: Framework and Macro Considerations 205
 
Solutions 205
 
Chapter 4 Capital Market Expectations, Part II: Forecasting Asset Class Returns 211
 
Solutions 211
 
Chapter 5 Overview of Asset Allocation 219
 
Solutions 219
 
Chapter 6 Principles of Asset Allocation 221
 
Solutions 221
 
Chapter 7 Asset Allocation with Real-World Constraints 229
 
Solutions 229