It is seldom you stumble over good Swedish books, but this is one of them. It manages to explain the Fund business (of course, from a Swedish perspective, but I suspect it is applicable in a lot of countries) as well as explaining the concept of Active Share which I suspect few people outside the fund business is aware of (and in some instances, within the business as well).

In many respects, this is a frigthening book, but it reflects the view of Swedish fundmanagers very well.

It is short, so I would definetely put this on the recommended reading list.