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Authors

Jane Vessey

Jane Vessey manages a training company in the United Kingdom specializing in financial analysis and investment. She is a visiting lecturer at Cass Business School teaching classes in asset management and valuation. She also teaches a CFA® revision course at ISMA (the business school at Reading University) and is an associate at a leading London financial training company where she teaches courses covering investment management and related topics. She has developed online training programs for students taking the CFA examinations and teaches CFA courses for UKSIP (the UK Society of Investment Professionals).

Jane graduated in Mathematics from Oxford University, United Kingdom, and is a CFA charter holder. She has some eighteen years experience working in the investment industry, starting out as an equity analyst before becoming an investment manager. She was based in London and Tokyo and took responsibility for managing equity portfolios invested in the Japanese and other Asian markets. In 1990, Jane moved to Indonesia and established and ran an investment management operation on behalf of MeesPierson. She took responsibility for all areas of the business, including investment, operations, marketing and administration. While in Asia, Jane was involved in providing training to capital market participants and state officials and teaching in courses provided by local universities.

M. Afdal Pamilih

M. Afdal Pamilih has 18 years' experience working in the finance industry. He started his career with J.P. Morgan, and then with County NatWest Government Securities, in New York specializing in the development of quantitative products for foreign exchange and fixed income markets. After returning to Indonesia in 1989 he was responsible for the development of investment services and subsequently treasury management for leading banks in Jakarta. Afdal has developed web-based training programs for the CFA examinations and has wide teaching experience, including instructing at the School of Management, University of Surrey, United Kingdom.

He obtained a MSc in Mathematics from the University of Texas at Arlington and holds the Chartered Financial Analyst ("CFA") qualification.

David Stewart

David Stewart has extensive experience in venture capital and business structural reorganizations. As president of a private client broker dealer firm, he has business valuation and project valuation experience on the venture capital side and portfolio management on the asset management side. His analysis, commentary, books, and study guides have appeared in the financial management, securities, and exam prep industries.

David has collaborated with experts in the field to produce the 2001 through 2004 editions of this study guide. His extensive research into the CFA exam program and past exam histories, field work, and consistent review of CFA Institute information allows him and his co-authors to deliver high quality and up to date information.