CFA INSTITUTE INVESTMENT SERIES As part of the CFA Institute Investment Series, Portfolio Management in Practice has been designed as a three-volume series that meets the needs of a wide range of individuals, from graduate-level students focused on finance to practicing investment professionals. The Portfolio Management in Practice series is valuable for self-study as well as for general reference and provides complete coverage of the essential issues surrounding modern portfolio management. The new volumes in this series provide up to date information associated with this important discipline by examining everything from asset allocation strategies to risk management frameworks. Blending theory with practice, the contributors skillfully outline the flow of the portfolio management process--from formulating an investment policy statement to portfolio construction, trade execution, and monitoring and rebalancing a portfolio. Throughout the volumes, special attention is paid to ensuring the evenness of subject matter, consistency of mathematical notation, and continuity of topic coverage that is critical to the learning process. Investment Management, the first volume in the Portfolio Management in Practice series, provides a comprehensive, integrated treatment of the portfolio management process. The Investment Management volume takes the reader through the full portfolio management process; forming capital market expectations, principles of asset allocation process using these inputs, determining comprehensive investment strategies within each asset class, integrating considerations specific to high net worth individuals or institutions into the choice of strategies, and providing a summary of how to execute and evaluate chosen strategies and investment managers. This volume provides complete coverage of the modern portfolio management process. With each contributor bringing his own unique experiences and perspectives to the portfolio management process, Portfolio Management in Practice distills the knowledge, skills, and abilities you need to succeed in today's fast-paced financial world.