This introduction to regulated pooled investments targets pros but will be accessible to retail investors. In trying to apply globally, discussions tend to be abstract, describing general goals or functions without details. There is a nice section summarizing country-by-country regulatory regimes, but there is a glairing error in the discussion of the United States—I wonder how authoritative are discussions for other nations. The book is an easy read, but too high-level to serve as a reference ...

Essentially a second edition of the author's earlier book, this is the standard reference on the workings of mutual funds for a professional audience. It offers an accessible but authoritative description of fund regulation, investment management, accounting, transfer agency, distribution channels, audit and much more. Do you want to know the difference between a multi share-class and a hub-and-spoke arrangement? How about the intricacies of 12b-1 fees? Read this book ...

This is a handsome survey of the literature on mutual funds. An opening chapter introduces mutual funds and traces their origins back to the early 1800s. After that, the book has six chapters that each cover the financial literature of mutual funds relating to some specific topic—fund performance, style analysis, fees, etc. Each chapter describes perhaps 20 or 30 important papers ... Read more