Active Equity Management

As a professional working for a large financial institution, I have read in detail pretty much all the portfolio management books on the market, from Grinold & Kahn, Scherer, Chincarini & Kim, to the most mathematical advanced ones such as Meucci. With respect to those mentioned, Zhou and Jain's book stands out not only for the clarity and breadth of the topics covered, but also because it is more modern and much more informative: this is the only book that takes a 360-degrees view about all the signals used in equity trading, ranging from market and macroeconomic (it even includes the information that can be gathered from social networks), to the seasonal effects, and then it applies it in a comprehensive and rigorous way to portfolio construction.The topics are very well laid out, the chapters are self contained, in a thorough yet understandable way.Overall, this is a treasure trove of first-hand insights and techniques used by equity managers, it should be on the desk of every equity professional, highly recommended.

Perfect if you have some knowledge Finance in general and want to gain knowledge about Equity Management. Read this before jumping off to Grinold etc. I wish there was a high quality pdf available from the publisher so one can read this at work (with proper font size etc)

Active Equity Management is a comprehensive compilation of academic theory and real world application to equity investing. Zhou and Jain have detailed a number of important factors (Chapters 3-7) that drive underlying equity price movement and support their analysis with clear mathematical equations and historical real world examples (Netflix, Apple, etc.). Chapters 8-11 provide deep analysis on signal construction, testing, portfolio construction and risk management. These chapters are filled with examples that offer a well balanced and fair assessment of the robustness of models and the fallacies of certain theories. The final chapters touch upon often overlooked but important implementation techniques. Zhou and Jain deliver an informative book filled with insight from experienced practitioners. Highly recommended for industry professionals.

I am teaching a course on active equity strategies and this book covers pretty much everything I wanted to include in the syllabus. It approaches the material from a practical and where necessary theoretical perspective, and giving necessary intuition. The book is concise and 'fast' for an senior undergraduate course, leaving enough space for instructor to throw in additional material of his own, or explain certain basics that the book assumes good knowledge of (e.g. statistics). I would prefer this type of book in a course over 900 page Handbook-of-everything type textbook. I wholeheartedly recommend it as a must read for any student of the equity markets.

A very good book on active equity managment. Its content is highly practical and includes some latest developments in this area after the 2008 crisis. Even though the mathematical representation in this book is less rigorous than the Quantitative Equity Portfolio Managment book by Edward Qian, I still highly recommend it!

Very comprehensive book on the topic.

I read the whole book thoroughly. I am indeed quite familiar with some topics. I can definitely tell the authors have "been there done that". Quite practical & insightful. Wall Street practitioners are already swamped with so many things at work. I applaud the authors for taking efforts to share such practical insights.

The book starts at page 27, seriously.