Foreword vii Behavioral Finance (BF) Study Session 1: Behavioral Finance 1 Capital Market Expectations (CME) Study Session 2: Capital Market Expectations 15 Asset Allocation and Related Decisions in Portfolio Management (AA) Study Session 3: Asset Allocation and Related Decisions in Portfolio Management 33 Derivatives and Currency Management (DR) Study Session 4: Derivatives and Currency Management 55 Fixed Income Portfolio Management (FI) Study Session 5: Fixed Income Portfolio Management (1) 85 Study Session 6: Fixed Income Portfolio Management (2) 99 Equity Portfolio Management (EQ) Study Session 7: Equity Portfolio Management (1) 119 Study Session 8: Equity Portfolio Management (2) 133 Alternative Investments for Portfolio Management (AI) Study Session 9: Alternative Investments for Portfolio Management 149 Private Wealth Management (PWM) Study Session 10: Private Wealth Management (1) 171 Study Session 11: Private Wealth Management (2) 193 Portfolio Management for Institutional Investors (PM) Study Session 12: Portfolio Management for Institutional Investors 207 Trading, Performance Evaluation, and Manager Selection (TPE) Study Session 13: Trading, Performance Evaluation, and Manager Selection 219 Cases in Portfolio Management and Risk Management (CAS) Study Session 14: Cases in Portfolio Management and Risk Management 251 Ethical and Professional Standards (ET) Study Session 15: Ethical and Professional Standards (1) 265 Study Session 16: Ethical and Professional Standards (2) 327.