| Description |
1 online resource |
| Series |
The Frank J. Fabozzi series |
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Frank J. Fabozzi series.
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| Bibliography |
Includes bibliographical references and index. |
| Contents |
Intro; Table of Contents; About the Authors; Acknowledgments; Foreword; Introduction; LEVELS OF EXCELLENCE: ASSESSING AND IMPROVING YOUR PRACTICE; HOW TO USE THE BOOK; CHAPTERS OF THE BOOK; PART I: PENSION FUNDS: UNDERSTANDING THE ROLE, SHAPING THE MISSION; PART II: DESIGNING THE PROCESS; PART III: IMPLEMENTING THE INVESTMENTS; PART IV: ORGANIZING THE BOARD; PART V: LEARNING, ADAPTING AND IMPROVING; SELF-REFLECTION QUESTIONS; ENDNOTE; PART One: Pension Funds: Understanding the Role, Shaping the Mission; CHAPTER 1: The Role of Pension Funds, and the Role of Boards; THE ROLE OF PENSION FUNDS |
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THE PENSION TRIANGLEDUTIES OF TRUSTEES; UNDERSTANDING AND MANAGING YOUR STAKEHOLDERS; ENDNOTES; Case Study-GEPF; THE DUAL MANDATE DILEMMA; ENDNOTES; CHAPTER 2: Developing Purpose, Mission, Vision, and Goals; THE FUNCTIONS OF A PENSION FUND; PURPOSE; MISSION; VALUES; VISION; STRATEGIC GOALS; ENDNOTES; PART Two: Designing the Process; CHAPTER 3: Grasping the Investment Essentials; INVESTMENT GOALS; UNDERSTANDING RETURN CONCEPTS; UNDERSTANDING RISK CONCEPTS; STEERING YOUR PORTFOLIO; ENDNOTES; Case Study-PFZW |
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TAKING OWNERSHIP OF AND REBUILDING INVESTMENT PRINCIPLES AFTER THE GREAT FINANCIAL CRISISENDNOTE; CHAPTER 4: Investment Beliefs as Guiding Tools; WHY INVESTMENT BELIEFS MATTER; BASICS OF AN INVESTMENT BELIEF; DEVELOPING A SET OF INVESTMENT BELIEFS; WHEN, IF EVER, IS THE TIME TO CHANGE INVESTMENT BELIEFS?; HOW (NOT) TO USE INVESTMENT BELIEFS; ENDNOTES; Case Study-New Zealand Superannuation Fund; BUILDING A GLOBAL INVESTMENT FUND FROM SCRATCH WITH THE MISSION TO MAXIMIZE THE FUND'S LONG-TERM RETURN, AND INTEGRATE CLIMATE CHANGE IN A DEEP WAY CONSISTENT WITH THE LONG-HORIZON NATURE OF THE FUND |
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ENDNOTESCHAPTER 5: Designing the Investment Management Process; THE INVESTMENT PROCESS; SETTING OBJECTIVES: ALIGNING GOALS AND RISK APPETITE; FORMULATING EXPECTATIONS; PORTFOLIO CONSTRUCTION; IMPLEMENTATION AND MONITORING; THE INVESTMENT POLICY STATEMENT; ENDNOTES; CHAPTER 6: Organizing the Investment Function; INVENTORIZING INVESTMENT MODELS; DEVELOPING YOUR OWN INVESTMENT APPROACH; ENDNOTES; Case Study -- GPFG; BUILDING A LONG-TERM, RESPONSIBLE FUND ON SOLID ACADEMIC AND EVIDENCE-BASED PRINCIPLES; ENDNOTES; PART Three: Implementing the Investments |
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CHAPTER 7: Implementing the Investment StrategyORGANIZING THE IMPLEMENTATION; THE RATIONALE FOR MANAGING COSTS; SELECTION OF MANAGERS; ACTIVE vs. PASSIVE MANAGEMENT; INTERNAL vs. EXTERNAL MANAGEMENT; RELATIONSHIP WITH SUPPLIERS; BRIDGING THE IMPLEMENTATION GAP; ENDNOTES; Case Study-ATP; CREATING SCOPE FOR INVESTMENT SOPHISTICATION THROUGH CLARITY OF OBJECTIVES AND STRONG AND TRANSPARENT RISK MANAGEMENT; ENDNOTES; CHAPTER 8: Building the Investment Portfolio; FRAMEWORK FOR THE INVESTMENT PORTFOLIO; THE BOARD'S ROLE IN PORTFOLIO CONSTRUCTION; CAPITAL MARKET ASSUMPTIONS; ENDNOTES |
| Summary |
Crucial methods, tactics and tools for successful pension fund management Achieving Investment Excellence offers trustees and asset managers a comprehensive handbook for improving the quality of their investments. With a stated goal of substantially and sustainably improving annual returns, this book clarifies and demystifies important concepts surrounding trustee duties and responsibilities, investment strategies, analysis, evaluation and much more. Low interest rates are making the high cost of future pension payouts fraught with tension, even as the time and knowledge required to manage these funds appropriately increases'it is no wonder that pensions are increasingly seen as a financial liability. Now more than ever, it is critical that trustees understand exactly what contributes to investment success'and what detracts from it. This book details the roles, the tools and the strategies that make pension funds pay off.-Understand the role of pension funds and the fiduciary duty of trustees -Learn the tools and kills you need to build profound and lasting investment excellence -Analyse, diagnose and improve investment quality of funds using concrete tools and instruments -Study illustrative examples that demonstrate critical implementation and execution advice Packed with expert insight, crucial tools and real-life examples, this book is an important resource for those tasked with governing these. Achieving Investment Excellence provides the expert insight, clear guidance and key wisdom you need to manage these funds successfully. |
| Subject |
Pension trusts.
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Endowments.
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Portfolio management.
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Fondations. |
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Gestion de portefeuille. |
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foundations (organizations) |
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Endowments |
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Pension trusts |
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Portfolio management |
| Added Author |
Slager, Alfred, 1967- author.
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Dam, Jaap van, 1961- author.
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| Other Form: |
Print version: Koedijk, Kees. Achieving investment excellence. Chichester, West Sussex, United Kingdom ; Hoboko, NJ : Wiley, 2019 9781119437659 (DLC) 2018043877 |
| ISBN |
9781119437697 (electronic book) |
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1119437695 (electronic book) |
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9781119437710 (electronic book) |
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1119437717 (electronic book) |
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9781119437727 (electronic book) |
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1119437725 (electronic book) |
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(hardcover) |
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