KI-Beratung Beta
Vor Ort
Merkzettel Warenkorb
Produktbild: Trustee Investment Strategy

Trustee Investment Strategy

Aus der Reihe Wiley Finance Series

103,99 €

inkl. gesetzl. MwSt., Versandkostenfrei

Beschreibung

Trustees are responsible for the stewardship of assets and for implementing the mission of their endowment or foundation. Almost invariably trustees delegate the management of those assets to agents who are investment professionals.   In this increasingly sophisticated and litigious financial world there...

Beschreibung

Trustees are responsible for the stewardship of assets and for implementing the mission of their endowment or foundation. Almost invariably trustees delegate the management of those assets to agents who are investment professionals.
 
In this increasingly sophisticated and litigious financial world there can be a growing gap of comprehension, exacerbated by mathematics and jargon, between trustees who are responsible and agents who are accountable.
 
This book aims to fill that gap. The book draws on the author's own experience and research and that of generations of investment professionals and academics to explain the fundamentals of investment strategy.
 
Key features are therefore:
* Aimed at professional trustees
* An holistic approach to strategy
* Avoidance of jargon and mathematics
* Focus on principles underlying asset strategy

Produktdetails

Einband

Gebundene Ausgabe
Erscheinungsdatum

01.08.2006
Verlag John Wiley & Sons Inc
Seitenzahl

256

Produktdetails

Einband

Gebundene Ausgabe
Erscheinungsdatum

01.08.2006
Verlag John Wiley & Sons Inc
Seitenzahl

256
Maße (L/B/H)

25/17,5/1,8 cm
Gewicht

622 g
Auflage

1. Auflage
Sprache

Englisch
ISBN

978-0-470-01196-6
Herstelleradresse

Libri GmbH
Europaallee 1
36244 Bad Hersfeld
DE

Email: gpsr@libri.de

Ein neues Kapitel für Ihre Bücher

Ein neues Kapitel für Ihre Bücher

Schenken Sie Ihren alten Schätzen ein zweites Leben und erhalten Sie dafür eine Thalia Geschenkkarte.

Jetzt verkaufen
Jetzt verkaufen

Noch keine Bewertungen vorhanden

Verfassen Sie die erste Bewertung zu diesem Artikel

Helfen Sie anderen Kundinnen und Kunden durch Ihre Meinung.

Kundinnen und Kunden meinen

Bewertungen (0)
  • Produktbild: Trustee Investment Strategy
  • Foreword.
     
    Preface.
     
    Acknowledgments.
     
    1. Introduction.
     
    1.1 Endowment fund characteristics.
     
    1.2 Constraints on endowments.
     
    1.3 History rhymes.
     
    1.4 The US endowment experience.
     
    1.5 Structure of the book.
     
    2. Language of Return.
     
    2.1 Economic return.
     
    2.2 Financial return.
     
    2.3 'Other income' not return.
     
    2.4 Income, capital and 'total return'.
     
    2.5 Real and nominal return.
     
    2.6 Absolute and relative return.
     
    2.7 Arithmetic and geometric return.
     
    2.8 Time-weighted return and money-weighted return.
     
    3. Elements of Return.
     
    3.1 Deriving return.
     
    3.2 Risk-free return.
     
    3.3 Premium for risk.
     
    3.4 Equity risk premium.
     
    3.5 The eighth wonder of the world.
     
    3.6 Valuation change.
     
    3.7 Drivers of return.
     
    3.8 Scenario analysis.
     
    4. Understanding Risk.
     
    4.1 Description of risk.
     
    4.2 Pascal's Wager.
     
    4.3 Chance.
     
    4.4 Co-movement and common factors.
     
    4.5 The greek alphabet.
     
    4.6 Confidence.
     
    4.7 Consequences.
     
    4.8 Endowment fund risk.
     
    5. Spending Rules.
     
    5.1 The endowment dilemma.
     
    5.2 Micawber's rule.
     
    5.3 Pattern of flows.
     
    5.4 More scenario analysis.
     
    5.5 Determining an operating rule.
     
    6. Assets for Strategy.
     
    6.1 Back to the future.
     
    6.2 Investment approach.
     
    6.3 Classification of assets.
     
    6.4 Asset categories.
     
    6.5 Equities.
     
    6.6 Private equity.
     
    6.7 Real estate.
     
    6.8 Commodities.
     
    6.9 Hedge funds.
     
    7. Legal, Social and Ethical.
     
    7.1 Quis custodiet ipses custodies?.
     
    7.2 Tax matters.
     
    7.3 Extra-financial issues.
     
    7.4 Corporate governance.
     
    7.5 Corporate social responsibility.
     
    7.6 Socially responsible investment.
     
    7.7 Program-related investment.
     
    7.8 Global view.
     
    7.9 Reality check.
     
    8. Understanding Strategy.
     
    8.1 Resource assessment.
     
    8.2 Defining needs.
     
    8.3 Quantifying needs.
     
    8.4 Spending rule.
     
    8.5 Operational assets.
     
    8.6 Intergenerational assets.
     
    8.7 Review.
     
    9. Implementing Strategy.
     
    9.1 Investment policy statement.
     
    9.2 Trustees of an endowment.
     
    9.3 Investment committee.
     
    9.4 Investment staff.
     
    9.5 Risk tolerance and control.
     
    9.6 Operational asset management.
     
    9.7 Intergenerational asset allocation.
     
    9.8 Benchmarks and performance.
     
    9.9 Consultants.
     
    9.10 Selection of asset managers.
     
    9.11 Costs.
     
    9.12 Custody.
     
    10. Synopsis.
     
    References and Reading Matter.
     
    Glossary.
     
    Index.