I just found another very helpful book, “The Mutual Fund Business, 2nd Edition,” by Robert C. Pozen. It is structured as a textbook, with the author’s text, readings from academic papers, review questions, and case studies. It’s long, but well-organized, well-written, and comprehensive.
While I’m on the subject, a book I read recently which I do not recommend was “Getting Started in Hedge Funds,” by Daniel A. Strachman. It had some interesting insider anecdotes, but in general it was too simple-minded and, even though it was easily skimmed, not worth the trouble.