Active Investment Management looks at where active management has come from, where it is today, what problems it faces and where the answers to these questions are leading it. The book addresses the major issues concerning the key groups within the industry. Charles Jackson's wonderfully readable book will be essential reading for the practitioner and is broken down into five sections covering the whole spectrum of active investment management: * asset classes and products * balancing risk and return * active product selection * the nature of skill * the price of skill .

CHARLES JACKSON holds an MA from Oxford University and an MBA from Stanford University, where he was a Harkness Fellow. He has 25 years experience in the investment management industry. For 13 years, he was the Head of the Fixed Interest and Currency Division of Mercury Asset Management, for most of the period the largest publicly quoted firm in Europe specialising exclusively in active investment management. He also served on Mercury's Asset Allocation Committee and Chairman's Committee. He was appointed a Vice Chairman of Mercury's Main Board in 1993. He is married, with two children, and lives near Oxford.