Today, advances in portfolio theory, efficient investment pressures as well as the emergence of many new investment vehicles is a challenge at the same time help to improve skills for investment portfolio management institutional investors. Due to face the challenges and pressures on, the managers should be aware that behind the portfolio is ‘flesh and blood’ of their personal prosperity greatly affected by the action of managers. Information media often remind us of the moral hazard can occur, leaving serious consequences for both the customer and portfolio management mistake. The interests of the client must be placed on top. As has been emphasized in the beginning of this book, ethics is an important requirement in the portfolio management of the organization as well as individuals.This book presents the portfolio management process from the perspective of different groups of institutional investors, including: retirement, study promotion funds, charities, insurance companies and banks. In this type of investor organizations representing abundance when considering appropriate investment policy and to illustrate the challenges and the complexity of the task of the institutional fund management.The content of this book is presented as follows. In the second section, the context of the pension fund’s investment will be presented, divided into two main parts: defined benefit and defined contribution. For each type of retirement, these elements create an investment policy statement (IPS) – oriented document management and for making all investment decisions will be discussed. The rest are also presented in the order as above including: part 3 – the charity; Part 4 – insurance companies and five banks.