This course presents advanced material related to financial markets, focusing on topics most relevant to portfolio managers. The course is particularly well suited for students considering careers in the asset management industry, but it is designed for anyone who wants to learn more about financial markets and build on the material covered in Business 35000 (Investments). Topics include active versus passive management, mutual funds, hedge funds, index funds, ETFs, socially responsible investing, optimal portfolio selection, liquidity, predictability of asset returns, investment strategies designed to exploit apparent violations of market efficiency, and more. A substantial part of the course is devoted to case studies, academic research, and current events.