0

Winning the Institutional Investing Race

eBook - A Guide for Directors and Executives

Erschienen am 22.11.2014, 1. Auflage 2014
46,95 €
(inkl. MwSt.)

Download

E-Book Download
Bibliografische Daten
ISBN/EAN: 9781484208328
Sprache: Englisch
Umfang: 0 S., 2.01 MB
E-Book
Format: PDF
DRM: Digitales Wasserzeichen

Beschreibung

The complexity of investments continues to grow, and institutional pools of capital from endowments to pension funds are suffering from too much risk and not enough return. Yet managing these investments and creating and implementing governance structures are seldom an integral part of the organization’s core mission or its operations. "That’s the way it has always been," say many directors and executives. As a result, a board of directors or investment committee often believes it needs to make all the decisions--or outsource money management and hope for the best.

AsWinning the Institutional Investing Race: A Guide for Directors and Executives makes clear, that sentiment is a big mistake that can lead to poor returns, reduced capital to employ on behalf of the organizational mission, and even charges of malfeasance on the part of directors. Authors Michael Bunn and Zack Campbell, who advise companies and institutions on best practices in institutional investment, are determined to help institutions and companies learn to manage their capital funds like the real businesses they are. This hands-on book will show you:

The importance of governance in creating and overseeing investment policyThe roles and responsibilities of key stakeholders, especially board membersHow to construct an effective investment policy statementAn overview of the four primary governance models available to trustees and the pros/cons of eachHow to work with fund managers, in house or out, to get the highest returns possible

Besides governance, this bookcovers a wide array of investment topics—modern portfolio theory, risk application, investment manager evaluation and manager search, asset allocation, and diversification, among others—while introducing a new and successful approach to managing investment portfolios. The goal is to provide a grounding in investing for those involved in making financial decisions at the board level. As the authors make clear, it is not possible just to beat the averages but to do so consistently.

Winning the Institutional Investing Race: A Guide for Directors and Executives offers a healthy rethinking of investment management and governance for any organization or board that oversees institutional investments and manages those making investment decisions. Most important, it shows how directors and managers can maintain their fiduciary responsibilities to the organizations they serve while maximizing investment returns.

Autorenportrait

Michael Bunn has over 30 years of investment experience in the financial services industry. As President and CIO of The Endowment Office in Denver Colorado, he provides a contract investment office and staff for foundations and hospitals and has delivered returns for them that put them into the top percentile of their peers. He has worked with public pension funds, Indian tribes, hospitals, unions, universities and foundations in a career that included leading Arthur Anderson's investment office outsourcing practice in Houston. He established and taught at the Institute for Pension Funds at both Baylor University and George Washington University. Currently The Endowment Office manages about $1 billion in assets.

Inhalt

Procrustes RulesFiduciary ResponsibilitiesEthicsEssentials of GovernanceThe Investment Policy StatementGovernance StructuresOutsourcing Investment Decision MakingHow Gatekeepers Harm Information FlowAcademic Views of InvestingInvestment BasicsThe Role of RiskThe Role of Money ManagersManager SearchThe Right Way to View Asset AllocationWhat Diversification Really MeansAsset Allocation: The ProcessPortfolio EvaluationWhen You Don’t Know What to DoThe Nature of FeesInvestment MythsUseful Statistics

Informationen zu E-Books

Bitte beachten Sie beim Kauf eines Ebooks, das sie das richtige Format wählen (EPUB oder PDF) und das eine Stornierung der Bestellung nach Anklicken des Downloadlinks nicht mehr möglich ist. 

Weitere Artikel vom Autor "Campbell, Zack/Bunn, Michael"

Alle Artikel anzeigen