eBook - ePub

Applied Investment Theory

Name: Applied Investment Theory
ISBN: 9783319439761

How Markets and Investors Behave, and Why

Les Coleman,

English
ePUB (mobile friendly)
Available on iOS & Android

eBook - ePub

Applied Investment Theory

How Markets and Investors Behave, and Why

Les Coleman,

About this book

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 experienceto provide new insights into equity markets and theirbehaviours. 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 outa new paradigm in investmentthat 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.

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Yes, you can access Applied Investment Theory by Les Coleman in PDF and/or ePUB format, as well as other popular books in Business & Corporate Finance. We have over one million books available in our catalogue for you to explore.