Investment Management (eBook, PDF)

Meeting the Noble Challenges of Funding Pensions, Deficits, and Growth
Redaktion: Wagner, Wayne H.; Rieves, Ralph A.

• Format: PDF

Produktbeschreibung

Praise for Investment Management "A compelling analysis of the challenges of investment management, and why investment management firms require innovation to succeed." --Blake Grossman, CEO, Barclays Global Investors "Great investment managers understand that positioning portfolios for clients should not be an act of conformity, but rather a constant journey of shifting fundamentals and opinion. Wayne and Ralph bring this fact to life by addressing some of the key challenges to serious investment thinking, using top-level researchers in their respective fields. For those investment managers and clients who want to go beyond the ordinary." --Jeff Diermeier, former CEO of CFA Institute and retired CIO of UBS Global Asset Management "The essays in this book provide an invaluable reference point of serious readings for money managers. The works provide the analyst with the most recent scholarship in a single book, presenting ideas and philosophy that will lead me back to its various sections time and time again." --Kenneth S. Hackel, CFA, President, CT Capital LLC "The crash of 2007-2009 brought a harsh conclusion to a quarter of a century of unprecedented growth and prosperity for the investment management industry, which faces no less a task than reinventing itself. Rieves' and Wagner's contribution to the way forward couldn't be timelier." --Richard Ennis, Principal, Ennis Knupp + Associates "This book uniformly focuses on the best practices to which investment management professionals should commit. I highly recommend this book to investment managers, sales people, and trustees of pensions, endowments, trusts, and mutual funds." --Jack Clark Francis, PhD, Professor of Economics and Finance, Bernard Baruch College

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Produktdetails

• Verlag: John Wiley & Sons
• Seitenzahl: 544
• Erscheinungstermin: 9. Juli 2009
• Englisch
• ISBN-13: 9780470498323
• Artikelnr.: 37293001

Autorenporträt

Wayne H. Wagner is the founding and lead principal of OMNI and a founding principal of Wilshire Associates. He is known for his pioneering work in designing balancing algorithms for the world's first operational index fund, and later developed methods to deal with the hidden delay and opportunity costs of trading. Wagner has authored, coauthored, or edited many books and articles, and is a frequent writer and speaker on investment management and fiduciary duties. He holds two Graham and Dodd Awards from the Financial Analysts Journal for excellence in financial writing. Ralph A. Rieves is the managing director of Farragut Jones & Lawrence. He was the first editorial director of the Dow Jones-Irwin imprint and was one of the founding editors of the Journal of Investment Consulting. He is a recipient of the book industry's Bowker LMP Award for editorial achievement.

Inhaltsangabe

Foreword. Preface. Acknowledgments. Editorial Advisory Board. Introduction: A of Changes and Waves of Opportunity (Jackie Charnley and Christine Røstvold). Part One: The Challenges of Changes and Crises. Chapter 1: The Discontinuity Challenge (Wayne H. Wagner). Chapter 2: The Sub-Prime Crisis as a "Predictable Surprise" Strategic Lessons to Be Learned (Keith Ambachtsheer). Chapter 3: The Solidarity Challenge (David G. Tittsworth). Part Two: Keeping the Challenges in Perspective. Chapter 4: The Failure of Invariance (Peter L. Bernstein). Chapter 5: Inverted Reasoning and Its Consequences (G.C. Seldon). Chapter 6: Fatal Attractions for Money Managers (Arnold S. Wood). Chapter 7: Renzo Gracie's Brazilian Jiu Jitsu Academy (Richard Bookstaber). Chapter 8: Managing Outside the Box (Robert A. Jaeger, Ph.D.). Part Three: The Challenges Under Transformation. Chapter 9: The Evolving Challenges of Quantitative Investing (Robert L. Hagin and Kathleen T. DeRose). Chapter 10: EMH and the Matter at Hand (Wayne H. Wagner and Ralph A. Rieves). Chapter 11: The Attribution Challenge (Ron Surz). Chapter 12: The Academic Challenge An Interview with Professor Stephen Brown on Developments in Modern Finance (Harry Liem). Chapter 13: The Elusiveness of Investment Skill (Robert A. Jaeger, Ph.D.). Part Four: The Clients' Challenges. Chapter 14: The Client Challenge --Trustees as Leaders (Fiduciary 360). Chapter 15: The Kool-Aid(r) Quandary and the Enduring Lure of Outperformance (Edward Siedle, Esq.). Chapter 16: The ESGI (nee SRI) Challenge ('Dove Green'). Chapter 17: The Marketing Challenge (Ron Gold). Chapter 18: The Selection and Termination of Investment Management Firms by Plan Sponsors (Amit Goyal and Sunil Wahal, et al). Part Five: The Execution Challenges. Chapter 19: The Market Price Challenge (Francis Gupta, Ph.D. and John A. Prestbo). Chapter 20: The Sell Side Challenge (Steve Wunsch). Chapter 21: The Trading Challenge (Wayne H. Wagner). Chapter 22: The Settlement Challenge (Steve Webb and Simon Bennett). Part Six: The Challenges to Management. Chapter 23: Investment Belief Systems A Cultural Perspective (John R. Minahan, CFA). Chapter 24: Ethical Leadership in the Investment Firm (Jim Ware, CFA, and Jim Dethmer, ThM). Chapter 25: The Adaptive Leader (Jim Ware, CFA). Chapter 26: The Staffing Challenge (Monika Müller). Chapter 27: The "Same Page" Challenge: Communicating Effectively (Jamie Goodrich Ziegler). Chapter 28: The Data Management Challenge (Don DeLoach). About the Editors. About the Contributors. Index.