Activity $2$:

A Knowledge of the application of the mainstream approaches in Strategic

Investment Management

Compare the following investment management theories and models setting out

the assumptions on which they are based and areas of caution in their application.

a$)$ Strategic versus tactical asset allocation

b$)$ Active versus passive portfolio management

c$)$ Concentration strategy versus a diversification strategy

d$)$ Value investing versus growth investing

e$)$ Long only funds versus long and short funds $($hedge funds$)(20$ marks$)$