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The Fund Industry - (Wiley Finance) 2nd Edition by Robert Pozen & Theresa Hamacher (Hardcover)

About this item


Number of Pages: 544

Genre: Business + Money Management

Sub-Genre: Investments & Securities

Series Title: Wiley Finance

Format: Hardcover

Publisher: Wiley

Age Range: Adult

Book theme: General

Author: Robert Pozen & Theresa Hamacher

Featured book lists: Adopted Trade Books

Language: English

Street Date: February 2, 2015
TCIN: 80822351
UPC: 9781118929940
Item Number (DPCI): 315-00-1867
Origin: Made in the USA or Imported


Book Synopsis

A guide to how your money is managed, with foreword by Nobel laureate Robert Shiller

The Fund Industry offers a comprehensive look at mutual funds and the investment management industry, for fund investors, those working in the fund industry, service providers to the industry and students of financial institutions or capital markets. Industry experts Robert Pozen and Theresa Hamacher take readers on a tour of the business of asset management. Readers will learn how to research a fund and assess whether it's right for them; then they'll go behind the scenes to see how funds are invested, sold and regulated. This updated edition expands coverage of the segments of the industry where growth is hottest, including hedge funds, liquid alternatives, ETFs and target date funds--and adds an introduction to derivatives.

Mutual funds are a key component of financial planning for 96 million Americans. Nearly a quarter of U.S. household savings are invested in funds, which give individual investors affordable access to professional management. This book provides a detailed look at how firms in the industry:

  • Invest those savings in stocks and bonds
  • Evaluate the risks and returns of funds
  • Distribute funds directly to consumers or through financial advisors or retirement plans
  • Handle the complex operational and regulatory requirements of mutual funds
  • Vote proxies at the annual meetings of public companies
  • Expand their operations across borders

Along the way, the authors describe the latest trends and discuss the biggest controversies--all in straightforward and engaging prose. The Fund Industry is the essential guide to navigating the mutual fund industry.

From the Back Cover

Praise for The Fund Industry, Second Edition

This book provides an excellent overview of all aspects of the fund industry--from portfolio management to marketing to regulation. It will be an invaluable tool for those working in the industry and a genuinely helpful guide for fund investors.
--Mary Schapiro, Former Chairperson of the Securities and Exchange Commission

This book is a must read for the millions of U.S. investors who own mutual funds. It clearly explains how your funds are managed and how your retirement accounts are administered.
--Jack Brennan, Former CEO of Vanguard

We're using this book as a textbook for seasoned managers who want to develop a broader view of our industry, to great reviews from all! I wish that I had this book when I joined the fund industry. It clearly articulates how the various parties in the industry connect.
--Etta Valdes, Vice President, American Funds Training and Development

This book will greatly enhance your understanding of the fund industry. It describes how money is managed, how portfolios are constructed, and how valuations are established; provides tools to help you research and compare funds, looking at their performance, risk, and expenses; and discusses the growing importance of funds around the globe. It's rare to find so much useful information in a single book.
--Mohamed El-Erian, Former Co-CEO of PIMCO

Everything you need to know about mutual funds, explained in clear and simple language--a great jargon buster.
--John Kay, Financial Times columnist and visiting professor, London School of Economics

About the Author

ROBERT POZEN is Senior Lecturer at Harvard Business School and a Senior Fellow at the Brookings Institution. During his distinguished career, he has been active in business, government, and academia. From 1997 to 2001, he was President of Fidelity Management & Research Co. From 2004 to 2011, he was executive Chairman of MFS Investment Management, which now manages over $400 billion in assets.

THERESA HAMACHER, CFA, is president of NICSA, a trade association serving the global investment management community. She is the former CIO for Pioneer Investment Management USA in Boston, Massachusetts. Previously, she was the CIO for Prudential Mutual Funds in Newark, New Jersey.

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Shipping details

Estimated ship dimensions: 1.8 inches length x 6.1 inches width x 9 inches height
Estimated ship weight: 1.67 pounds
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