Advanced Investment Management

(Lent Term)

Module tutors

Dr Chelsea Yao and Dr Daniel Giamouridis


This course focuses on applications of financial theories to investment management decisions making. Topics include modern portfolio theory; asset pricing; efficient market hypothesis, empirical analysis of asset prices; portfolio performance evaluation; mutual funds, ETFs and hedge funds. It will also critically analyse various portfolio management approaches utilized by professional investors to understand the approaches’ strengths and weaknesses. Although not intended to track the Chartered Financial Analysts syllabus, it should prove useful to those intending to take this qualification or enter the Investment Management industry as a portfolio manager or security analyst.


Zvi Bodie, Alex Kane and Alan J. Marcus (2014), Investments, 10th Edition, McGraw Hill.

Ludwig Chincarini, Daehwan Kim (2006) Quantitative equity portfolio management: An active approach to portfolio construction and management, McGraw-Hill.


  • Modern Portfolio Theory and Its Applications
  • Capital Asset Pricing Model
  • Arbitrage Pricing Theory and Its Applications
  • Style Investing: Momentum, Value, Size Investing
  • Portfolio Performance Evaluation
  • Portfolio Management Approaches
  • Mutual Funds, ETFs and Hedge Funds
  • Applied Portfolio Management: Security Selection
  • Applied Portfolio Management: Risk management and portfolio construction


Coursework 25% of module mark and examination 75% of module mark.

Contact hours

Minimum of 22.5 hours in total.

For those interested in studying to become a Chartered Financial Analyst, it is worth noting that this module contributes to:

  • Portfolio Management at CFA levels I, II and III