Active Index Investing For over three decades, both institutional and individual investors have increasingly accepted indexing, index benchmarks and the investment products that track them.  Through this process, indexing has become a driving force in the transformation of investment strategy from a subjective art to a more appropriate blend of art and science. Yet many investors' understanding of the sophistication of this burgeoning field has lagged behind the growing use of index products. Active Index Investing aims to close that gap, and provides a comprehensive review of the theories, products and strategies that have enabled investors to benefit from the 'indexing revolution' that contiues to gain momentum around the world.  And this website aims to supplement the book's 31 chapters with updated data, additional content and sidebars, and an opportunity for your feedback.  I hope you find both the book, which was recently published in Japanese, and it's E-ppendix informative and useful.		What is an E-ppendix?     For Novices     For Academics     For Professionals     For Fun     E-ppendix Your Book     Discuss the Book

Part One    -	The Indexing Revolution - Theory And Practice
Part Two    -	Benchmarks - The Foundation For Indexing... And All Investing
Part Three -	The Ever-Expanding Variety and Flexibility of Index Products - A Global Overview
Part Four   -	Managing Index Funds - It´s Anything but Passive!
Part Five    -	Pulling It All Together - How to Use Index Products to Build And Efficient Risk-controlled Investment Strategy
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“Active Index Investing covers it all and is a must-read for theoreticians, practitioners, and students alike. Schoenfeld’s book provides a breadth of insight about benchmarks and index investing, ranging from the evolution of indexing and the theory of index construction to investment strategies and applications.”
—William J. Brodsky
Chairman & CEO
Chicago Board Options Exchange

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Simon Hookway
Westbury Asset Management

Simon Hookway is a director and co-founder of Westbury Asset Management (regulated by FSA in the UK) where he is responsible for directing its hedge fund business.

Simon was formerly a Managing Director at ING Barings for six years where he was global head of quantitative research and co-Head of the International Portfolio Group. This department advised clients with more than USD $ 1000 billion jointly in assets under management on asset allocation, security selection, valuation, modelling and portfolio trade execution.

Before joining ING Barings in 1995, Simon held a variety of senior positions on both the buy and the sell side, working variously in equity linked arbitrage (UBS), asset management (Capel-Cure Myers), and quantitative and fundamental research.

He is a member the FTSE Equity Indices Committee and IIR Expert Advisory Board; a frequent speaker at international conferences on investment process and quantitative issues as well as being a regular contributor to various financial TV channels, national newspapers and trade press journals. He graduated from the London School of Economic in 1983 with First Class Hons. in Economics.

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