Bruno Solnik, HEC School of Management - Paris
Dennis McLeavey, Chartered Financial Analyst Institute

Publisher: Pearson Higher Education
Copyright: 2009
Format: Paper; 688 pp

ISBN-10:	0321552121
ISBN-13:	9780321552129

Our Price: £42.99
Status: Instock
Published: 29 May 2008

• Recent academic and practitioner research is integrated into coverage of fundamental concepts.
• Content is updated and revised for use in the CFA^® program and reviewed by CFA^® Charter holders.
• Learning Outcome Statements guide the reader to all major points in the chapter and follow the progression of topics in the chapter.
  
• The model-in-action approach motivates students to engage with content by using valuation and portfolio-management skills learned in the chapter to solve problems.
• Numerous examples illustrate the applications of all major concepts and demonstrate answers to the model-in-action questions posed at the outset of the chapter.
• Concepts in Action boxes, drawn from popular press articles, provide recent illustrations of the concepts.
• Two capstone cases at the end of Chapter 13 allow students to apply many of the concepts they have learned in preceding chapters. Proposed solutions are provided.
• A global perspective allows this text to be used successfully in courses and professional seminars around the world. 

• The new title, Global Investments (formerly International Investments), reflects the current understanding that the distinction between domestic and international is no longer relevant and that asset management is global.
  
• Chapters 1 and 2 are revised to reflect current, practitioner-friendly notation for exchange rates.
• Chapter 8, Alternative Investments, is extensively revised to reflect the ever-increasing importance of this area, particularly with respect to hedge funds and private equity.
• Chapter 11, Currency Risk Management, is reworked to add more on currency overlay and to make it more practical for portfolio managers and investment advisors to determine desired hedge ratios.
• In Chapter 12, Global Performance Evaluation, a new, more extensive example of single-period performance evaluation is added and the material on multi-period performance evaluation is reworked to make it more accessible.
• Chapter 13, Structuring the Global Investment Process, is extensively revised to reflect the traditional investment policy and asset allocation approach to private wealth management as well as the liability driven investment approach.