Investments 2E

This text for senior undergraduates and MBA and MSc students blends theory and real-world issues to create an accessible introduction to behavior and trends in financial markets, decisions in corporate financing, and non-traditional approaches to investment. The informal writing style incorporates occasional pop culture references to explain concepts. Chapters are in sections on financial markets, valuation, asset returns and portfolio theory, equity markets, foreign exchange markets, fixed-income markets, derivatives, and portfolio management. Exercises, real-world case studies, Excel spreadsheets, and a glossary are included. No prior knowledge of math or statistics is assumed beyond that covered in a first-year undergraduate 'quants for business' course, and basic math and statistics background is provided on a companion web site. This second edition incorporates new material on behavioral finance, mutual and hedge funds, private equity, and derivatives. The authors are professors at Cass Business School, London. Annotation c2008 Book News, Inc., Portland, OR (booknews.com)

Keith Cuthbertson is Professor of Finance at Cass Business School. He has worked at H.M.Treasury, Bank of England, National Institute and at Tanaka Business School, Imperial College and the University of Newcastle. He has been a visitor at the Federal Reserve Bank, Washington and the Freije University, Berlin. He has undertaken consultancy and teaching in applied finance at various financial institutions and government organizations.

Dirk Nitzsche is Senior Lecturer in Finance at Cass Business School. He joined the school in 2004 from Imperial College, London where he spent 6 years in the Business School. After completing his Ph.D. at the University of Newcastle, he has worked in the Department of Economics at the University of Newcastle between 1994 and 1997, before joining City University Business School in 1997 and Imperial College in 1998. His research interests can broadly be described as asset pricing and efficiency of financial markets and more recently he analyses the performance of unit trusts and hedge funds.