Chapter 24 - Lecture Presentation Software to accompany Investment Analysis and Portfolio Management Eighth Edition by Frank K Reilly& Keith C

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Unformatted text preview: Lecture Presentation Software to accompany Investment Analysis and Portfolio Management Eighth Edition by Frank K. Reilly & Keith C. Brown Chapter 24 Chapter 24 Professional Asset Management Questions to be answered: • What are the different ways that professional asset management firms can be organized? • How has the structure of the asset management industry changed over time? • How are managers at investment advisory firms compensated? Chapter 24 Professional Asset Management • Who manages the investment company portfolio and how are its managers compensated? • How do you compute the net asset value (NAV) for an investment company? • What is the difference between closed-end and open-end investment companies? • What is the difference between the NAV and market price for a closed-end fund? Chapter 24 Professional Asset Management • What are load fees, 12b-1 fees, and management fees and how do they influence investment company performance? • What are the two major means of fund distribution and what has been the trend for each approach? • Given the breakdown of all funds by investment objectives, which groups have experienced relative growth or decline? Chapter 24 Professional Asset Management • What are hedge funds and how do they differ from traditional professionally managed investment products? • What investment strategies do hedge funds follow and what has been the performance of those fund types over time? • What legal and ethical standards exist to protect investors who employ professional asset managers? Chapter 24 Professional Asset Management • What are the ethical dilemmas involved in the professional asset management industry? • What functions should investors expect professional asset managers to perform for them? The Asset Management Industry: Structure and Evolution • Two Organization Forms – Contract directly with a management and advisory firm – Commingling of investment capital of several clients in an investment company...
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This note was uploaded on 06/02/2011 for the course FINA 3331 taught by Professor Staff during the Spring '08 term at Texas A&M University, Corpus Christi.

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Chapter 24 - Lecture Presentation Software to accompany Investment Analysis and Portfolio Management Eighth Edition by Frank K Reilly& Keith C

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