Managing your investment manager: complete guide to selection, measurement, and control
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Homewood, Ill.
Business One Irwin
1992
|
| Ausgabe: | 3. ed. |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XVIII, 352 S. graph. Darst. |
| ISBN: | 1556235151 |
Internformat
MARC
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| 245 | 1 | 0 | |a Managing your investment manager |b complete guide to selection, measurement, and control |c Arthur Williams |
| 250 | |a 3. ed. | ||
| 264 | 1 | |a Homewood, Ill. |b Business One Irwin |c 1992 | |
| 300 | |a XVIII, 352 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 650 | 4 | |a Mutual funds | |
| 650 | 4 | |a Pension trusts |x Investments | |
| 650 | 4 | |a Portfolio management | |
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Datensatz im Suchindex
| _version_ | 1804124414481006592 |
|---|---|
| adam_text | CONTENTS
List of Exhibits xvii
1. Establishing goals for the fund 1
2. Assigning responsibility for operating the fund 9
3. Choosing an investment policy 16
4. Choosing asset categories 40
5. Alternative investments 67
6. Alternative investments—energy 92
7. Creating portfolios 103
8. Choosing policies for investment managers 119
9. Choosing investment manager styles 152
10. Measuring investment performance 174
11. Comparing investment performance 195
12. Measuring risk in equity portfolios 214
13. Measuring risk and return in fixed income portfolios 234
XVi Contents
14. Measuring market timing 254
15. Controlling the investment process 262
16. Prudence in managing the manager: Fraud, speculation, and
breach of fiduciary responsibility 282
17. Managing the custodial process 302
18. Understanding pension funding 307
Appendix Examples of pension funding 323
19. The art of being a good client 330
20. Applying the managing your manager techniques to
portfolios of individuals and trusts 333
Appendix Mathematics refresher 341
Index 349
LIST OF EXHIBITS
Exhibit 3 1 Example of the arms suppliers 19
Exhibit 3 2 Return and risk for five asset types 27
Exhibit 3 3 Risk/return tradeoff 28
Exhibit 3 4 Endowment characteristics fiscal year 1991 34
Exhibit 3 5 Investment pool asset allocation (%) as of June 30,
1991 35
Exhibit 4 1 Positive and negative correlation 51
Exhibit 4 2 Total market capitalization and market capitalization
vs. gross domestic product 52
Appendix World investable capital market, December 31,
4 B1 1990 65
Appendix U.S. investable capital market, December 31,
4 B2 1990 66
Exhibit 5 1 Venture capital financing and company growth
stage 78
Exhibit 5 2 Sources and terms of LBO financing 83
Exhibit 5 3 Annual rate of return over seven years 83
Exhibit 5 4 Arithmetic of short selling 87
Exhibit 7 1 Efficient frontier graph, 15 years 1977 1991 108
Exhibit 7 2 Percent asset allocation of retirement plans (as of
12/31/91) 110
Exhibit 7 3 Historical stock market results 1926 91 113
Exhibit 9 1 Volatility and maturity 157
Exhibit 9 2 Trading on spread relationships 158
Exhibit 9 3 Spread based on quality 159
Exhibit 9 4 Perfect and perverse timing 160
Exhibit 9 5 Change in stock price versus value of covered call
portfolio 170
xviii List of Exhibits
Exhibit 10 1 Timing of cash flow affects rate of return 177
Exhibits 10 2 Total portfolio return can be outside range of
to 10 4 returns of components 189 90
Exhibit 10 5 Losses hurt more than gains help 191
Exhibit 10 6 Changes in bond prices as interest rates change 193
Exhibit 11 1 Target return is not a complete objective 196
Exhibit 11 2 Custom index as a measurement tool 199
Exhibit 11 3 S P ranked versus performance of equity portion of
large companies 202
Exhibit 11 4 Common stock indexes 210
Exhibit 12 1 Variability of return of assets with different risk
levels 218
Exhibits 12 2 Characteristic line and equity portfolios
to 12 7 219 25
Exhibits 12 8 Traditional graphs and equity portfolios
to 12 13 226 29
Exhibit 12 14 Total portfolio market line analysis 231
Exhibit 13 1 Volatility and maturity 239
Exhibit 13 2 Volatility and coupon 239
Exhibit 13 3 Changing spread as a source of volatility 240
Exhibit 13 4 Bond portfolio market line analysis 243
Exhibits 13 5 Bond betas 245 46
to 13 6
Exhibit 13 7 Duration of selected bonds 247
Exhibit 13 8 The duration model 250
Exhibit 13 9 Measuring manager contribution using traditional
analysis 252
Exhibit 15 1 Sources of unacceptable performance 269
Exhibit 15 2 Sample summary sheet 279
Exhibit 16 1 Historic price earnings ratio 284 93
(A E)
Exhibit 16 2 Dow Jones Utilities 294
Exhibit 16 3 Index of silver prices 295
Exhibit 16 4 Historical bond yields 295
Exhibit 18 1 Alternative measurements of pension plan
liabilities 320
|
| any_adam_object | 1 |
| author | Williams, Arthur 1940- |
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| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| edition | 3. ed. |
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| id | DE-604.BV010033504 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T17:45:17Z |
| institution | BVB |
| isbn | 1556235151 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-006653261 |
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| owner | DE-N2 DE-188 |
| owner_facet | DE-N2 DE-188 |
| physical | XVIII, 352 S. graph. Darst. |
| publishDate | 1992 |
| publishDateSearch | 1992 |
| publishDateSort | 1992 |
| publisher | Business One Irwin |
| record_format | marc |
| spelling | Williams, Arthur 1940- Verfasser (DE-588)120449668 aut Managing your investment manager complete guide to selection, measurement, and control Arthur Williams 3. ed. Homewood, Ill. Business One Irwin 1992 XVIII, 352 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Mutual funds Pension trusts Investments Portfolio management Portfoliomanagement (DE-588)4115601-8 gnd rswk-swf Risikoanalyse (DE-588)4137042-9 gnd rswk-swf Portfoliomanagement (DE-588)4115601-8 s Risikoanalyse (DE-588)4137042-9 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006653261&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Williams, Arthur 1940- Managing your investment manager complete guide to selection, measurement, and control Mutual funds Pension trusts Investments Portfolio management Portfoliomanagement (DE-588)4115601-8 gnd Risikoanalyse (DE-588)4137042-9 gnd |
| subject_GND | (DE-588)4115601-8 (DE-588)4137042-9 |
| title | Managing your investment manager complete guide to selection, measurement, and control |
| title_auth | Managing your investment manager complete guide to selection, measurement, and control |
| title_exact_search | Managing your investment manager complete guide to selection, measurement, and control |
| title_full | Managing your investment manager complete guide to selection, measurement, and control Arthur Williams |
| title_fullStr | Managing your investment manager complete guide to selection, measurement, and control Arthur Williams |
| title_full_unstemmed | Managing your investment manager complete guide to selection, measurement, and control Arthur Williams |
| title_short | Managing your investment manager |
| title_sort | managing your investment manager complete guide to selection measurement and control |
| title_sub | complete guide to selection, measurement, and control |
| topic | Mutual funds Pension trusts Investments Portfolio management Portfoliomanagement (DE-588)4115601-8 gnd Risikoanalyse (DE-588)4137042-9 gnd |
| topic_facet | Mutual funds Pension trusts Investments Portfolio management Portfoliomanagement Risikoanalyse |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006653261&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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