Thomas J. Tagliamonte, Carroll Graduate School of Management, Boston College
"...Pozen has developed a text that stands alone in its coverage of this $7 trillion industry."


Professor William N. Goetzman, Edwin Beinecke Professor of Finance and Management Studies, Yale School of Management
"I recommend this book to any investor, student, researcher who wants to understand the mutual fund industry as a business."


James M. Poterba, Mitsui Professor of Economics, MIT
"This updated edition offers an outstanding introduction to the importance and operation of the modern mutual fund industry..."


Richard Herring, Director of Lauder Institute at the Wharton School, University of Pennsylvania
"Written by a prominent leader of the mutual fund business, the book is an ideal introduction for students..."


Book Description

Pozen, a leading industry expert, offers a structured presentation of mutual funds for upper-level undergraduates and MBA students. The Mutual Fund Business, 2/e, covers the key principles of mutual fund investment theory through straightforward writing supported by selected articles and case studies.This text provides a comprehensive, firsthand look at the investment strategies supporting a $4 trillion industry undergoing significant growth in the U.S.


Book Info
Provides a general introduction to mutual funds,& portfolio management of stock funds. Discusses the marketing & servicing of mutual funds & delves into more specialized topics such as the financial dynamics of mutual funds, specifically designed for MBA & undergraduate business courses. DLC: Mutual funds - U.S. - Case studies.


Card catalog description
In the last decade, the number of mutual funds has tripled to more than 6,000 funds with more than $4 trillion in assets and more than 60 million individual shareholders. Yet there has been no book on the mutual fund business designed for MBA and undergraduate business courses. The Mutual Fund Business, assembled by a leading industry expert, fills this gap. Each chapter contains not only a lengthy introduction and selected articles, but also a detailed case study or class exercise.


From the Author
"I am proud of this new book, which is a true teaching textbook that also can be easily read and understood by serious investors. From portfolio manager strategies to fund performance measures to servicing fund shareholders, this is a comprehensive introduction to mutual funds."


About the Author
Bob Pozen currently teaches in the graduate schools of Harvard University. His publications include three books, guest editorials in leading newspapers, as well as numerous articles on domestic and international finance. He has been a speaker at many conferences in the United States and overseas. Bob served on President Bush's Commission to Strengthen Social Security, which published a lengthy report in January of 2002. Bob Pozen was formerly vice chairman of Fidelity Investments and president of Fidelity Management & Research Company, the investment advisor to the Fidelity mutual funds. During Bob's tenure from 1997 through 2001, the assets of the Fidelity funds rose from $500 billion to $900 billion, making Fidelity Investments the largest U.S. mutual fund company and one of the leading providers of financial services in the world. From 1987 to 1996, Bob served as managing director and general counsel of Fidelity Investments, responsible for its government relations, legislation and litigation worldwide. In that role, he created Fidelity's Charitable Gift Fund and launched Fidelity's entry into the Japanese mutual fund business. He also served as a director of Fidelity's credit card bank, its life insurance company and its Canadian investment management business. Before joining Fidelity, Bob was a partner at the Washington, D.C., law firm of Caplin & Drysdale, where he was in charge of the banking/securities department, from 1981 to 1986. Prior to that, Bob served as associate general counsel to the Securities and Exchange Commission from 1978 to 1980, and was a law professor at New York University from 1974 through 1977. Bob also was an adjunct lecturer at Harvard Law School and a visiting professor at Georgetown University. Bob serves on many boards and committees in the financial area, including the Board of Trustees of the Conference Board, the institutional Advisory Committee of the New York Stock Exchange, and the Institutional Advisory Committee of NASDAQ. He also is involved in a number of community and civic organizations such as the Naismith Memorial Basketball Hall of Fame, the Boston Public Library Foundation, and the Pro Arte Chamber Music Orchestra. He was recently appointed as a trustee of The American Academy in Berlin and The Commonwealth Fund, a foundation in the health care area.

FROM THE PUBLISHER