By
Dimitris Chorafas, Independent Finance Consultant, France
Description
The Management of Investments is based on an extensive research project done by the author in 2003 and 2004, in the United
States, England, Germany, France, Italy and Switzerland.
The author outlines the rules behind the able management of investments by
private individuals, banks, and institutional investors. These rules are examined within the perspective of each entity's goals and challenges.
Based on research results and on his own experience, the author demonstrates that shareholder value is usually being paid lip service.
As far as investment results are concerned, there are serious risks associated to leveraging, near-sighted management, obsolescence of
skills and dubious deals.
But there are also investment rules which, when observed, help in avoiding the slippery path which ends
with investors losing their capital. To help in explaining these rules, the book outlines the way capital markets work, equity research
is done, and risks associated to biases. It also pays attention to forces propelling economic growth – or downturn.
Growth is usually
dictated by the customer, but the customer is influenced by market psychology, liquidity, volatility, and prospects of the product or
financial instrument he contemplates to buy. Case studies on instruments in the book examine equities, interest rates and exchange rates.
The text also analyzes the role played by hedge funds and their strategies, as well as risks associated to alternative investments.
Audience:
Fund Managers; Investment Advisors; Investment Fund Trustees; Investment Bankers and Commercial Bankers. Graduate studies in Business Administration and Management, in colleges and universities.
