About the Authors ix
Acknowledgments xi
Preface xiii
CHAPTER 1
Introduction 1
CHAPTER 2
Client Objectives for Diversified Portfolios 13
CHAPTER 3
Asset Allocation: The Mean - Variance Framework 59
CHAPTER 4
Asset Allocation Inputs 117
CHAPTER 5
Advanced Topics in Asset Allocation 161
CHAPTER 6
The Investment Management Process 219
CHAPTER 7
Introduction to Equity Portfolio Investing: The Investor’s View 255
CHAPTER 8
Equity Portfolio Construction 285
CHAPTER 9
Fixed-Income Management 323

CHAPTER 10
Global Investing 385
CHAPTER 11
Alternative Investment Classes 427
CHAPTER 12
Portfolio Management Through Time: Taxes and Transaction Costs 467
CHAPTER 13
Performance Measurement and Attribution 503
CHAPTER 14
Incentives, Ethics, and Policy 541
CHAPTER 15
Investor and Client Behavior 569
CHAPTER 16
Managing Client Relations 593
Sample Cases 617
Jerry W. 619
MSSI 625
McClain Capital 631
The Fairbanks Fund 639
Glossary 645
References 661
Index 671