Chapter Overview
     • The elements in investment management 
        process
     • Objectives of individual and institutional 
        investors
     • Major classes of institutional investors
     • Investment for the long run
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       The Investment Management 
                             Process
     • The elements of the investment process
        • Planning: Establishing all the elements necessary 
           for decision making (data about clients/capital 
           markets)
        • Execution: Details of optimal asset allocation and 
           security selection
        • Feedback: Adapting to changes in expectations 
           and objectives and changes in portfolio 
           composition
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           CFA Institute Investment 
               Management Process
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     Components of the Investment 
               Management Process
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     Components of the Investment 
                   Policy Statement
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