This is the Workbook accompanying the authoritative, unified, and comprehensive work on portfolio management, from formulating an investment policy to portfolio construction, trade execution, and monitoring and rebalancing portfolios. This Workbook offers readers question/answer sections for each chapter in the main book. In the Third Edition of Managing Investment Portfolios, financial experts John Maginn, Donald Tuttle, Jerald Pinto, and Dennis McLeavey provide complete coverage of the most important issues surrounding modern portfolio management. PART I Learning Outcomes, Summary Overview, and Problems The Portfolio Management Process and the Investment Policy Statement 3(9) Learning Outcomes 4(1) Summary Overview 4(2) Problems 6(6) Managing Individual Investor Portfolios 12(13) Learning Outcomes 12(1) Summary Overview 13(2) Problems 15(10) Managing Institutional Investor Portfolios 25(10) Learning Outcomes 25(1) Summary Overview 26(2) Problems 28(7) Capital Market Expectations 35(12) Learning Outcomes 35(1) Summary Overview 36(2) Problems 38(9) Asset Allocation 47(13) Learning Outcomes 47(1) Summary Overview 48(2) Problems 50(10) Fixed-Income Portfolio Management 60(9) Learning Outcomes 60(1) Summary Overview 61(3) Problems 64(5) Equity Portfolio Management 69(7) Learning Outcomes 69(1) Summary Overview 70(2) Problems 72(4) Alternative Investments Portfolio Management 76(10) Learning Outcomes 77(1) Summary Overview 78(1) Problems 79(7) Risk Management 86(9) Learning Outcomes 86(1) Summary Overview 87(2) Problems 89(6) Execution of Portfolio Decisions 95(7) Learning Outcomes 95(1) Summary Overview 96(1) Problems 97(5) Monitoring and Rebalancing 102(10) Learning Outcomes 102(1) Summary Overview 103(1) Problems 104(8) Evaluating Portfolio Performance 112(9) Learning Outcomes 112(1) Summary Overview 113(3) Problems 116(5) Global Investment Performance Standards 121(14) Learning Outcomes 121(1) Summary Overview 122(3) Problems 125(10) PART II Solutions The Portfolio Management Process and the Investment Policy Statement 135(5) Solutions 135(5) Managing Individual Investor Portfolios 140(12) Solutions 140(12) Managing Institutional Investor Portfolios 152(8) Solutions 152(8) Capital Market Expectations 160(10) Solutions 160(10) Asset Allocation 170(7) Solutions 170(7) Fixed-Income Portfolio Management 177(6) Solutions 177(6) Equity Portfolio Management 183(3) Solutions 183(3) Alternative Investments Portfolio Management 186(8) Solutions 186(8) Risk Management 194(5) Solutions 194(5) Execution of Portfolio Decisions 199(6) Solutions 199(6) Monitoring and Rebalancing 205(5) Solutions 205(5) Evaluating Portfolio Performance 210(8) Solutions 210(8) Global Investment Performance Standards 218(13) Solutions 218(13) About the CFA Program 231