A portfolio is simply a combination of assets. Portfolio theory shows how an investor can reach his optimal portfolio position. Portfolio theory is based on the assumption that the utility of the investor is a ...

In the early period of development of finance as a profession, i.e., until the early 1950s, investment management was primarily concerned with the procurement of funds. The subject matter was mainly confined to financial problems ...

When talking about investment management firms, it is very important to understand profit maximization and wealth maximization. According to the objective of profit maximization, the ultimate goal of a business enterprise is to maximize its ...