In the last decade, the number of mutual funds has tripled to more than 6.000 funds with more than $4 trillion in assets and more than 60 million individual shareholders. Yet there has been no book on the mutual fund business designed for MBA and undergraduate business courses. 'The mutual fund business', assembled by a leading industry expert, fills this gap. Each chapter contains not only a lengthy introduction and selected articles, but also a detailed case study or class exercise. The book is accompanied by an extensive teacher's manual, with a complete set of lecture notes, slides (on diskette) to support the lectures, answers to the review questions for each chapter, and an analysis of each case study.