Asset Management Books Recommendation
Does anyone have any books I can read on Asset Management? Career choices, paths, what it encompasses.
Would like a few recommendations to see what I can read on my free time. I'm a junior in college and I'd like to aim for Asset management being that it seems like the most interesting to me.
Traditional asset management? Wealth management? Alternative investments? FoF?
Trad. asset management and wealth management, sure.
Something basic, something I can read and understand what it is and something to sway me into looking into as a profession.
Books Related to Banking/Asset Management/Trading (Originally Posted: 05/03/2010)
Any good Asset Management related book which talks about the industry written by an insider? I have in mind Liar's Poker, A Colossal Failure of Common Sense, Traders Guns and Money, Cityboy, How Genius Failed kind of books which I have already read, but a book that deals with Asset Management in particular. Or any other good books you recommend that are fun to read about finance/banking...
Try the search function.
800 threads on books.
Essential Asset Managment Books (Originally Posted: 11/30/2010)
We've all read flamboyant accounts of bond traders and opportunists. Which Asset Management texts are worth reading? (outside of "When Genius Failed")
I'd like to this as well. Are there any 'essential' books one should read? There's Investment banking by Rosenbaum for IBD, but is there an equivalent for AM?
http://www.statpro.com/resources/books.aspx
Joel Greenblatt's The Little Book That Beats the Market is a good one.
I really like: Investments By Charles P. Jones. Solid information on portfolio strategy and asset allocation models.
Best recommended reading for introductions to Asset Management (Originally Posted: 03/13/2018)
Hi all,
I've recently joined a large Asset Manager (AUM USD trillion), in a junior client services role. Having come from a PWM sales background, it was a good move for me and I'm enjoying the new role and various challenges that come with it.
My role involves a lot of ad hoc operational queries, which usually come about after things go wrong in a client's account. I'm essentially the first port of call for any issues or questions they might have. That being said, my fundamental understanding of how an Asset Manager functions is relatively weak. Especially from an operational perspective. I.e. custodians, holding collateral in an account, currency hedging, an account being split into multiple sleeves etc.
I'm able to get help from my peers and I'm picking things up relatively quickly but I'd like to speed up the process.In light of this, I'm looking for recommendations for decent 'introduction to asset management' type books. I plan on taking the IMC and CFA level one later this year, so that should set me down the right path but anything lighter in the interim would be helpful.
Thanks for any suggestions.
The biggest question will be the where and what. 40 act? (US ETFs/MFs) UCITS? client accounts in individual securities, etc? The rules and structure vary by jurisdiction and vehicle.
Asset Management Primer (Originally Posted: 11/24/2015)
So recently I've been looking into AM, but the resources on it are few and far between. I was wondering if anybody could give me a primer of what AM is like at a BB? What's your day like? Hours? Pay? Exit opps? Hierarchy? Technical skills required? college endeavors that would help for hiring? etc.
Thanks
Vault has a guide on Asset Management. I don't think they've updated it in awhile, but that's a good place to start. If you search previous threads on here you can find answers to most of your questions.
Asset Management info (Originally Posted: 06/12/2007)
Hi, I will start my job hunt soon (for the associate level) and I would appreciate very much if you could help me figure out the following about asset management in Europe (I have already done enough research on S&T and IB).
-What are the working hours? --Typical day?
-Salaries for associates? --Salaries in BB firms? --Salaries in Medium firms (e.g. ING)?
-Bonuses --in BB firms? --in medium firms?
-How are bonuses calculated? Are bonuses calculated as a percentage of how much you earn for your portfolio?
-What is the career path in AM? -What exit options exist?
-Interesting AM links/reads you recommend?
I will really appreciate your help. The internet is full with info about IB but there is extremely little about AM.
Your bonus will obviously be a function of how well the whole portfolio does, but as an associate, your risk/reward is much more inelastic than a higher-level senior analyst or PM, so you are somewhat protected.
You will definitely not make close to as much as IB, but your hours will be much better.
Depending on exactly what you are doing, ideal exit opportunities would be to a HF.
Suggested reading for Wealth/Asset Management ? (Originally Posted: 12/08/2017)
Any recommendations for books that can teach you the basics about asset classes, allocation and weighting, etc.
Looking for a comprehensive starting point while preparing for networking in the spring. Thanks so much!!
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