This guide is derived from the author's notes for the two-day
course of the same name that he presents for the Securities and
Investment Institute.
It is neither a transcript of the course, nor a fully
comprehensive work of reference. Rather, it is intended as an
introductory text for those new to or unfamiliar with investments
and asset management. It provides a broad and practical description
of investment funds and fund management from a number of
perspectives and aims to stimulate further, more detailed
study.
Starting with the general economic background and rationale for
the existence of funds, it moves through a description of the
features and characteristics of different types of funds, and the
associated regulatory and investor protection mechanisms, to the
process of establishing a fund.
It then addresses the topic from the perspective of the
portfolio manager, by providing an overview of the principal
investment strategies and styles deployed in the construction of
portfolios, and of their administration, before covering investor
administration and, finally, the mathematics and methods of
performance measurement.
Your own understanding of fund management after reading this
guide will depend upon your interest and aspirations, your appetite
for and approach to learning, and, of course, your expectations of
the guide, which, please note, is an introduction to the subject;
it will not make you an expert!
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