Robert Pozen & Theresa Hamacher 
The Fund Industry [PDF ebook] 
How Your Money is Managed

A guide to how your money is managed, with foreword by Nobel
laureate Robert Shiller
The Fund Industry offers a comprehensive look at mutual
funds and the investment management industry, for fund investors,
those working in the fund industry, service providers to the
industry and students of financial institutions or capital markets.
Industry experts Robert Pozen and Theresa Hamacher take readers on
a tour of the business of asset management. Readers will learn how
to research a fund and assess whether it’s right for them; then
they’ll go behind the scenes to see how funds are invested, sold
and regulated. This updated edition expands coverage of the
segments of the industry where growth is hottest, including hedge
funds, liquid alternatives, ETFs and target date funds–and
adds an introduction to derivatives.
Mutual funds are a key component of financial planning for 96
million Americans. Nearly a quarter of U.S. household savings are
invested in funds, which give individual investors affordable
access to professional management. This book provides a detailed
look at how firms in the industry:
* Invest those savings in stocks and bonds
* Evaluate the risks and returns of funds
* Distribute funds directly to consumers or through financial
advisors or retirement plans
* Handle the complex operational and regulatory requirements of
mutual funds
* Vote proxies at the annual meetings of public companies
* Expand their operations across borders
Along the way, the authors describe the latest trends and
discuss the biggest controversies–all in straightforward and
engaging prose. The Fund Industry is the essential guide to
navigating the mutual fund industry.

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