Fully updated to cover changing investment techniques and markets Completely revised and updated, this new edition provides a solid introduction to investment techniques and up-to-date financial theory and has been expanded to include discussions of derivatives, bonds and fixed interest, equity investment, as well as private client accounts. Written by two highly regarded authors, Investment Management provides a thorough grounding in current investment techniques in a form uniquely suited to the perspective of the fund manager and analyst. Readers will find enlightening and practical coverage of such topics as behavioral finance, assessing investment systems, creative accounting and bankruptcy, neglected and new stocks, arbitrage pricing theory, forecasting the economy, business cycle, valuation, emerging markets, and passive investment management. Stephen Lofthouse's career spanned both the academic and commercial investment worlds. He is a former Director of James Capel stockbrokers, now part of HSBC group, and Executive Chairman of James Capel FundManagers Ltd and James Capel Unit Trust Management Ltd.