A fundamental equity manager's edge lives in a small part of each stock's return, the part specific to the company, while most of what a stock does comes from the market, its industry, and style factors such as momentum and value. Advanced portfolio management is the discipline of keeping that edge and controlling everything else, and across eight modules and 50 sessions this collection teaches it with the arithmetic shown. The sequence runs from volatility, the Sharpe ratio, and the information ratio through multi-factor risk models, the factors a stock picker inherits, position sizing, exposure limits and hedges, performance attribution, trading costs, stop-losses, and leverage. Every quantitative session works a numerical example step by step, so the reader learns to size a hedge, decompose a book's risk, compute contributions to risk, and attribute P&L to factors, selection, sizing, and timing. It is written for finance students, equity analysts, junior portfolio managers, and quantitatively minded investors who know basic statistics and want to understand how a long/short book is built and controlled.
