Asset Management And Institutional Investors

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Asset Management and Institutional Investors

Ignazio Basile,Pierpaolo Ferrari
Asset Management and Institutional Investors Book PDF

Author : Ignazio Basile,Pierpaolo Ferrari
Publisher : Springer
Page : 468 pages
File Size : 51,9 Mb
Release : 2018-06-07
Category : Business & Economics
ISBN : 3319813714

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Asset Management and Institutional Investors by Ignazio Basile,Pierpaolo Ferrari Pdf

This book analyses investment management policies for institutional investors. It is composed of four parts. The first one analyses the various types of institutional investors, institutions which, with different objectives, professionally manage portfolios of financial and real assets on behalf of a wide variety of individuals. This part goes on with an in-depth analysis of the economic, technical and regulatory characteristics of the different types of investment funds and of other types of asset management products, which have a high rate of substitutability with investment funds and represent their natural competitors. The second part of the book identifies and investigates the stages of the investment portfolio management. Given the importance of strategic asset allocation in explaining the ex post performance of any type of investment portfolio, this part provides an in-depth analysis of asset allocation methods, illustrating the different theoretical and operational solutions available to institutional investors. The third part describes performance assessment, its breakdown and risk control, with an in-depth examination of performance evaluation techniques, returns-based style analysis approaches, and performance attribution models. Finally, the fourth part deals with the subject of diversification into alternative asset classes, identifying the common characteristics and their possible role within the framework of investment management policies. This part analyses hedge funds, private equity, real estate, commodities, and currency overlay techniques.

Asset Management and Institutional Investors

Ignazio Basile,Pierpaolo Ferrari
Asset Management and Institutional Investors Book PDF

Author : Ignazio Basile,Pierpaolo Ferrari
Publisher : Springer
Page : 468 pages
File Size : 55,6 Mb
Release : 2016-07-27
Category : Business & Economics
ISBN : 9783319327969

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Asset Management and Institutional Investors by Ignazio Basile,Pierpaolo Ferrari Pdf

This book analyses investment management policies for institutional investors. It is composed of four parts. The first one analyses the various types of institutional investors, institutions which, with different objectives, professionally manage portfolios of financial and real assets on behalf of a wide variety of individuals. This part goes on with an in-depth analysis of the economic, technical and regulatory characteristics of the different types of investment funds and of other types of asset management products, which have a high rate of substitutability with investment funds and represent their natural competitors. The second part of the book identifies and investigates the stages of the investment portfolio management. Given the importance of strategic asset allocation in explaining the ex post performance of any type of investment portfolio, this part provides an in-depth analysis of asset allocation methods, illustrating the different theoretical and operational solutions available to institutional investors. The third part describes performance assessment, its breakdown and risk control, with an in-depth examination of performance evaluation techniques, returns-based style analysis approaches, and performance attribution models. Finally, the fourth part deals with the subject of diversification into alternative asset classes, identifying the common characteristics and their possible role within the framework of investment management policies. This part analyses hedge funds, private equity, real estate, commodities, and currency overlay techniques.

Pioneering Portfolio Management

David F. Swensen
Pioneering Portfolio Management Book PDF

Author : David F. Swensen
Publisher : Simon and Schuster
Page : 433 pages
File Size : 53,5 Mb
Release : 2009-01-06
Category : Business & Economics
ISBN : 9781416554035

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Pioneering Portfolio Management by David F. Swensen Pdf

In the years since the now-classic Pioneering Portfolio Management was first published, the global investment landscape has changed dramatically -- but the results of David Swensen's investment strategy for the Yale University endowment have remained as impressive as ever. Year after year, Yale's portfolio has trumped the marketplace by a wide margin, and, with over $20 billion added to the endowment under his twenty-three-year tenure, Swensen has contributed more to Yale's finances than anyone ever has to any university in the country. What may have seemed like one among many success stories in the era before the Internet bubble burst emerges now as a completely unprecedented institutional investment achievement. In this fully revised and updated edition, Swensen, author of the bestselling personal finance guide Unconventional Success, describes the investment process that underpins Yale's endowment. He provides lucid and penetrating insight into the world of institutional funds management, illuminating topics ranging from asset-allocation structures to active fund management. Swensen employs an array of vivid real-world examples, many drawn from his own formidable experience, to address critical concepts such as handling risk, selecting advisors, and weathering market pitfalls. Swensen offers clear and incisive advice, especially when describing a counterintuitive path. Conventional investing too often leads to buying high and selling low. Trust is more important than flash-in-the-pan success. Expertise, fortitude, and the long view produce positive results where gimmicks and trend following do not. The original Pioneering Portfolio Management outlined a commonsense template for structuring a well-diversified equity-oriented portfolio. This new edition provides fund managers and students of the market an up-to-date guide for actively managed investment portfolios.

Institutional Money Management

David M. Smith,Hany A. Shawky
Institutional Money Management Book PDF

Author : David M. Smith,Hany A. Shawky
Publisher : John Wiley & Sons
Page : 418 pages
File Size : 48,5 Mb
Release : 2011-10-27
Category : Business & Economics
ISBN : 9781118148761

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Institutional Money Management by David M. Smith,Hany A. Shawky Pdf

An informative look at institutional investment management methods and practice The policies, practices, and decisions of institutional investment managers worldwide affect the economic health of not only the institutions themselves, but of countless individual clients as well. Overall, this area of finance has great impact on the capital markets. Filled with in-depth insights and practical advice, Institutional Money Management is an important basis of knowledge regarding both the theory and practice of this ever-evolving area of finance. Part of the Robert W. Kolb Series in Finance, this book on institutional investment management showcases contributed chapters from professional and academic experts in banking, insurance companies, mutual funds, pension funds, and endowments. Along the way, issues covered included everything from the role of institutional investors within the financial system and the structures that have emerged and evolved to industry standards of ethical practice and investment performance presentation. Provides a detailed examination of the objectives, constraints, methods, and stakeholders for the dominant types of institutional investors Focuses on the portfolio management strategies and techniques used by institutional investors Contains contributed chapters from numerous thought-leaders in the field of finance The practice of institutional investment management presents a diverse set of challenges. But with this book as your guide, you'll gain a better understanding of how you can overcome these challenges and manage your portfolio more effectively.

Fundamentals Of Institutional Asset Management

Frank J Fabozzi,Francesco A Fabozzi
Fundamentals Of Institutional Asset Management Book PDF

Author : Frank J Fabozzi,Francesco A Fabozzi
Publisher : World Scientific
Page : 616 pages
File Size : 48,6 Mb
Release : 2020-10-12
Category : Business & Economics
ISBN : 9789811221606

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Fundamentals Of Institutional Asset Management by Frank J Fabozzi,Francesco A Fabozzi Pdf

This book provides the fundamentals of asset management. It takes a practical perspective in describing asset management. Besides the theoretical aspects of investment management, it provides in-depth insights into the actual implementation issues associated with investment strategies. The 19 chapters combine theory and practice based on the experience of the authors in the asset management industry. The book starts off with describing the key activities involved in asset management and the various forms of risk in managing a portfolio. There is then coverage of the different asset classes (common stock, bonds, and alternative assets), collective investment vehicles, financial derivatives, common stock analysis and valuation, bond analytics, equity beta strategies (including smart beta), equity alpha strategies (including quantitative/systematic strategies), bond indexing and active bond portfolio strategies, and multi-asset strategies. The methods of using financial derivatives (equity derivatives, interest rate derivatives, and credit derivatives) in managing the risks of a portfolio are clearly explained and illustrated.

Asset Management and Institutional Investors

Ignazio Basile,Pierpaolo Ferrari
Asset Management and Institutional Investors Book PDF

Author : Ignazio Basile,Pierpaolo Ferrari
Publisher : Springer
Page : 0 pages
File Size : 41,5 Mb
Release : 2024-10-11
Category : Business & Economics
ISBN : 3031598180

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Asset Management and Institutional Investors by Ignazio Basile,Pierpaolo Ferrari Pdf

This second edition of the book analyses the latest developments in investment management policy for institutional investors. It is divided into four parts, which have been updated to include the newest approaches and strategies in asset allocation, portfolio management and performance evaluation. The first part analyses the different types of institutional investors, i.e. institutions that professionally manage portfolios of financial and real assets on behalf of a wide range of individuals. This part goes on with an in-depth analysis of the economic, technical and regulatory characteristics of the various categories of investment funds and of other types of asset management products, which have a high rate of substitutability with investment funds and represent their natural competitors. The second part of the book identifies and investigates the stages of the investment portfolio management. Given the importance of strategic asset allocation in explaining the ex post performance of any type of investment portfolio, this part provides an in-depth analysis of asset allocation methods, illustrating the different theoretical and operational solutions available to institutional investors. The third part describes performance assessment, its breakdown and risk control, with an in-depth examination of performance evaluation techniques, returns-based style analysis approaches and performance attribution models. Finally, the fourth part deals with the subject of diversification into alternative asset classes, identifying the common characteristics and their possible role within the framework of investment management policy. This part analyses hedge funds, private equity, private debt, real estate, infrastructures, commodities and currency overlay techniques.

Institutional Investors in Global Markets

Gordon L Clark,Ashby H B Monk
Institutional Investors in Global Markets Book PDF

Author : Gordon L Clark,Ashby H B Monk
Publisher : Oxford University Press
Page : 256 pages
File Size : 53,8 Mb
Release : 2017-05-12
Category : Business & Economics
ISBN : 9780192511676

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Institutional Investors in Global Markets by Gordon L Clark,Ashby H B Monk Pdf

Institutional Investors in Global Market provides you with a comprehensive overview about what institutional investors do, how they do it, and when and where they do it; it is about the production of investment returns in the global economy. Being a book about the production process, you learn about key issues found in the academic literature on the theory of the firm. In this case, the focus is on the global financial services industry, where the building blocks underpinning the study of industrial corporations are less relevant. You gain an understanding of how and why the production of investment returns differs from that of manufactured goods. You are provided with an analytical framework that situates financial institutions within the complex web of the intermediaries that dominate developed financial markets. In summary, you gain further insights into analysis of the organization and management of institutional investors; as well as an analysis of the global financial services industry.

Institutional Investors

E. Philip Davis,Benn Steil
Institutional Investors Book PDF

Author : E. Philip Davis,Benn Steil
Publisher : MIT Press
Page : 568 pages
File Size : 45,7 Mb
Release : 2004-01-30
Category : Business & Economics
ISBN : 0262262401

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Institutional Investors by E. Philip Davis,Benn Steil Pdf

One of the most important recent developments in financial markets is the institutionalization of saving associated with the growth of pension funds, life insurance companies, and mutual funds. An increasing proportion of household saving is now managed by professional portfolio managers instead of being directly invested in the securities markets or held in the form of bank deposits. With the aging of the population and its adverse impact on public pension systems, the shift of individual savings to institutional investors is likely to become even more marked in the coming years. This book provides a comprehensive economic assessment of institutional investment. It charts the development and performance of the asset management industry and analyzes the implications of rising institutionalized saving for the development of the securities trading industry, the financial sector as a whole, and the wider economy. The book draws extensively on international experience, particularly in the United States, Western Europe, and Japan.

Institutional Investors In Global Capital Markets

Narjess Boubakri,Jean-Claude Cosset
Institutional Investors In Global Capital Markets Book PDF

Author : Narjess Boubakri,Jean-Claude Cosset
Publisher : Emerald Group Publishing
Page : 350 pages
File Size : 46,5 Mb
Release : 2011-09-27
Category : Business & Economics
ISBN : 9781780522432

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Institutional Investors In Global Capital Markets by Narjess Boubakri,Jean-Claude Cosset Pdf

Examines various issues concerning the strategies of institutional investors, the role of institutional investors in corporate governance, their impact on local and international capital markets, as well as the emergence of sovereign and other asset management funds and their interactions with micro and macro economic and market environments.

Institutional Investment Management

Frank J. Fabozzi
Institutional Investment Management Book PDF

Author : Frank J. Fabozzi
Publisher : John Wiley & Sons
Page : 884 pages
File Size : 51,8 Mb
Release : 2009-08-25
Category : Business & Economics
ISBN : 9780470538906

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Institutional Investment Management by Frank J. Fabozzi Pdf

The most comprehensive coverage of institutional investment management issues This comprehensive handbook of investment management theories, concepts, and applications opens with an overview of the financial markets and investments, as well as a look at institutional investors and their objectives. From here, respected investment expert Frank Fabozzi moves on to cover a wide array of issues in this evolving field. From valuation and fixed income analysis to alternative investments and asset allocation, Fabozzi provides the best in cutting-edge information for new and seasoned practitioners, as well as professors and students of finance. Contains practical, real-world applications of investment management theories and concepts Uses unique illustrations of factor models to highlight how to build a portfolio Includes insights on execution and measurement of transaction costs Covers fixed income (particularly structured products) and derivatives Institutional Investment Management is an essential read for anyone who needs to hone their skills in this discipline.

ESG and Responsible Institutional Investing Around the World: A Critical Review

Pedro Matos
ESG and Responsible Institutional Investing Around the World A Critical Review Book PDF

Author : Pedro Matos
Publisher : CFA Institute Research Foundation
Page : 80 pages
File Size : 51,9 Mb
Release : 2020-05-29
Category : Business & Economics
ISBN : 9781944960988

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ESG and Responsible Institutional Investing Around the World: A Critical Review by Pedro Matos Pdf

This survey examines the vibrant academic literature on environmental, social, and governance (ESG) investing. While there is no consensus on the exact list of ESG issues, responsible investors increasingly assess stocks in their portfolios based on nonfinancial data on environmental impact (e.g., carbon emissions), social impact (e.g., employee satisfaction), and governance attributes (e.g., board structure). The objective is to reduce exposure to investments that pose greater ESG risks or to influence companies to become more sustainable. One active area of research at present involves assessing portfolio risk exposure to climate change. This literature review focuses on institutional investors, which have grown in importance such that they have now become the largest holders of shares in public companies globally. Historically, institutional investors tended to concentrate their ESG efforts mostly on corporate governance (the “G” in ESG). These efforts included seeking to eliminate provisions that restrict shareholder rights and enhance managerial power, such as staggered boards, supermajority rules, golden parachutes, and poison pills. Highlights from this section: · There is no consensus on the exact list of ESG issues and their materiality. · The ESG issue that gets the most attention from institutional investors is climate change, in particular their portfolio companies’ exposure to carbon risk and “stranded assets.” · Investors should be positioning themselves for increased regulation, with the regulatory agenda being more ambitious in the European Union than in the United States. Readers might come away from this survey skeptical about the potential for ESG investing to affect positive change. I prefer to characterize the current state of the literature as having a “healthy dose of skepticism,” with much more remaining to be explored. Here, I hope the reader comes away with a call to action. For the industry practitioner, I believe that the investment industry should strive to achieve positive societal goals. CFA Institute provides an exemplary case in its Future of Finance series (www.cfainstitute.org/research/future-finance). For the academic community, I suggest we ramp up research aimed at tackling some of the open questions around the pressing societal goals of ESG investing. I am optimistic that practitioners and academics will identify meaningful ways to better harness the power of global financial markets for addressing the pressing ESG issues facing our society.

Artificial Intelligence in Asset Management

Söhnke M. Bartram,Jürgen Branke,Mehrshad Motahari
Artificial Intelligence in Asset Management Book PDF

Author : Söhnke M. Bartram,Jürgen Branke,Mehrshad Motahari
Publisher : CFA Institute Research Foundation
Page : 95 pages
File Size : 47,5 Mb
Release : 2020-08-28
Category : Business & Economics
ISBN : 9781952927034

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Artificial Intelligence in Asset Management by Söhnke M. Bartram,Jürgen Branke,Mehrshad Motahari Pdf

Artificial intelligence (AI) has grown in presence in asset management and has revolutionized the sector in many ways. It has improved portfolio management, trading, and risk management practices by increasing efficiency, accuracy, and compliance. In particular, AI techniques help construct portfolios based on more accurate risk and return forecasts and more complex constraints. Trading algorithms use AI to devise novel trading signals and execute trades with lower transaction costs. AI also improves risk modeling and forecasting by generating insights from new data sources. Finally, robo-advisors owe a large part of their success to AI techniques. Yet the use of AI can also create new risks and challenges, such as those resulting from model opacity, complexity, and reliance on data integrity.

Asset Management

Andrew Ang
Asset Management Book PDF

Author : Andrew Ang
Publisher : Financial Management Associati
Page : 717 pages
File Size : 47,6 Mb
Release : 2014
Category : Business & Economics
ISBN : 9780199959327

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Asset Management by Andrew Ang Pdf

Stocks and bonds? Real estate? Hedge funds? Private equity? If you think those are the things to focus on in building an investment portfolio, Andrew Ang has accumulated a body of research that will prove otherwise. In this book, Ang upends the conventional wisdom about asset allocation by showing that what matters aren't asset class labels but the bundles of overlapping risks they represent.

The Origins of Asset Management from 1700 to 1960

Nigel Edward Morecroft
The Origins of Asset Management from 1700 to 1960 Book PDF

Author : Nigel Edward Morecroft
Publisher : Springer
Page : 343 pages
File Size : 43,7 Mb
Release : 2017-04-22
Category : Business & Economics
ISBN : 9783319518503

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The Origins of Asset Management from 1700 to 1960 by Nigel Edward Morecroft Pdf

This book explores the origins and development of the asset management profession in Britain as a distinct activity within financial services, independent of banks and stockbrokers. Specifically, it identifies the main individuals and institutions after 1868 who established the profession. The book draws a distinction between banks (short-term deposit-taking) and asset management (an investment service with longer-term objectives). It explains why some banks fail but asset management businesses generally do not. It argues that asset management has been socially useful and has had a beneficial impact on the development of securities markets by offering choices to savers as an alternative to banks, improving the efficiency of capital allocation, re-cycling excess savings productively and enabling a range of investors - from institutions to individuals - to benefit from thoughtful, long-term investing.

Modern Investment Management

Bob Litterman,Quantitative Resources Group
Modern Investment Management Book PDF

Author : Bob Litterman,Quantitative Resources Group
Publisher : John Wiley & Sons
Page : 648 pages
File Size : 51,7 Mb
Release : 2004-11-19
Category : Business & Economics
ISBN : 9780471480655

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Modern Investment Management by Bob Litterman,Quantitative Resources Group Pdf

Dieser Band füllt eine echte Marktlücke. "Goldman Sach's Modern Investment" gibt eine Einführung in moderne Investment Management Verfahren, wie sie von Goldman Sachs Asset Management verwendet werden, um erstklassige Investitionsrenditen zu erzielen. Erläutert werden u.a. die moderne Portfoliotheorie (Portfoliodiversifikation zur Risikostreuung), Capital Asset Pricing (Verfahren zur Ermittlung des Risiko-Rendite-Austauschverhältnisses von Finanzanlagen, bei dem der unterschiedliche Risikogehalt von Finanztiteln berücksichtigt wird) sowie eine Reihe aktueller Themen wie z.B. strategische Portfoliostrukturierung, Risikobudgetierung und aktives Portfolio Management. Hier erhalten Sie die Mittel an die Hand, um die Goldman Sachs Asset Management Methode für sich selbst umzusetzen. Das von Fischer Black und Bob Litterman gemeinsam entwickelte Black-Litterman Asset Allocation Model gehört zu den angesehensten und meist verwendeten Modellen zur Portfoliostrukturierung. Litterman und seine Asset Management Group sind oft die treibende Kraft, wenn es um Portfoliostrukturierung und Investmententscheidungen der 100 international größten Pensionsfonds geht.