Applied Investment Theory

How Markets and Investors Behave, and Why

Business & Finance, Economics, Macroeconomics, Finance & Investing, Investments & Securities
Cover of the book Applied Investment Theory by Les Coleman, Springer International Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Les Coleman ISBN: 9783319439761
Publisher: Springer International Publishing Publication: February 14, 2017
Imprint: Palgrave Macmillan Language: English
Author: Les Coleman
ISBN: 9783319439761
Publisher: Springer International Publishing
Publication: February 14, 2017
Imprint: Palgrave Macmillan
Language: English

Institutions now dominate trading in equities around the world. Mutual funds are the most prominent, and doubly important as custodians of retirement savings. Despite this, there is no comprehensive description of fund manager behaviour, much less a matching theory. This is troubling because one of the most economically significant puzzles in finance is why experienced, well-resourced fund managers cannot outperform the market.

Applied Investment Theory: How Equity Markets Behave, and Why brings together academic research, empirical evidence and real market experience to provide new insights into equity markets and their behaviours. The book draws upon the author’s rich industry experience and academic research, plus over 40 interviews with fund managers on three continents and across different markets. The result is an innovative model that explains the puzzle of poor performance by mutual funds in terms of structural features of markets, the managed investment industry, and the conduct of fund managers.

This book provides a fully integrated depiction of what markets and investors do, and why – insights that will resonate with the needs of investors, wealth managers and industry regulators. It is fully documented, but free of jargon and arcane math, and provides a grounded theory that is relevant to anyone who wants to pierce the opacity of mutual fund operations. Applied Investment Theory sets out a new paradigm in investment that is at the forefront of what should be an industrial-scale development of new finance theory following two decades of almost back-to-back financial crises.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Institutions now dominate trading in equities around the world. Mutual funds are the most prominent, and doubly important as custodians of retirement savings. Despite this, there is no comprehensive description of fund manager behaviour, much less a matching theory. This is troubling because one of the most economically significant puzzles in finance is why experienced, well-resourced fund managers cannot outperform the market.

Applied Investment Theory: How Equity Markets Behave, and Why brings together academic research, empirical evidence and real market experience to provide new insights into equity markets and their behaviours. The book draws upon the author’s rich industry experience and academic research, plus over 40 interviews with fund managers on three continents and across different markets. The result is an innovative model that explains the puzzle of poor performance by mutual funds in terms of structural features of markets, the managed investment industry, and the conduct of fund managers.

This book provides a fully integrated depiction of what markets and investors do, and why – insights that will resonate with the needs of investors, wealth managers and industry regulators. It is fully documented, but free of jargon and arcane math, and provides a grounded theory that is relevant to anyone who wants to pierce the opacity of mutual fund operations. Applied Investment Theory sets out a new paradigm in investment that is at the forefront of what should be an industrial-scale development of new finance theory following two decades of almost back-to-back financial crises.

More books from Springer International Publishing

Cover of the book Energy-Level Control at Hybrid Inorganic/Organic Semiconductor Interfaces by Les Coleman
Cover of the book CFD Modeling and Simulation in Materials Processing 2018 by Les Coleman
Cover of the book Climate Change and Writing the Canadian Arctic by Les Coleman
Cover of the book Nonlinear Approaches in Engineering Applications by Les Coleman
Cover of the book Negotiating the EU’s 2030 Climate and Energy Framework by Les Coleman
Cover of the book Product Lifecycle Management (Volume 2) by Les Coleman
Cover of the book Patient-Derived Xenograft Models of Human Cancer by Les Coleman
Cover of the book The Death Café Movement by Les Coleman
Cover of the book Gender, Sex Hormones and Respiratory Disease by Les Coleman
Cover of the book Trust, Privacy and Security in Digital Business by Les Coleman
Cover of the book Interventional Radiology for Medical Students by Les Coleman
Cover of the book Ferromagnetic Microwire Composites by Les Coleman
Cover of the book Data Driven Approaches in Digital Education by Les Coleman
Cover of the book The Archaeology of Science by Les Coleman
Cover of the book The Kuroshio Power Plant by Les Coleman
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy