The investment management industry faces a number of well-publicised problems and difficulties. Charles Jackson shows how these all relate to the same underlying problem: that investors find investment skill very hard both to find and to put to work in a way that profits them.

Active Investment Management starts with the fundamentals of what active management is and why investors find it desirable. It goes on to show how these fundamentals have given rise to the industry’s problems, how these problems affect each other and how they can be resolved.

Written by a leading authority in the field, this book is an invaluable tool for the practitioner. It is broken down into five sections covering the whole spectrum of active investment management:

• asset classes and products
• balancing risk and return
• active product selection
• the nature of skill
• the price of skill

Active Investment Management concludes by projecting industry trends, and outlining the future developments in active investment management implied by those trends.