All in all, Archarya & Dimson are to be hugely praised for producing a really useful and solid book, full of thought-provoking and stimulating material
David Palfreyman, Oxford Magazine
A thought provoking read.
Wealth Management
There is a profound linkage between the quality of a university and its financial resources. The universities of Oxford and Cambridge rank among the world's finest educational institutions, and are able to draw on invested assets that are large by any standards. Endowment Asset Management explores how the colleges that comprise these two great universities make their investment decisions.
Oxford and Cambridge are collegiate institutions, each consisting of a federal university and over 30 constituent colleges. While the colleges may have ostensibly similar missions, they are governed independently. Since they interpret their investment objectives differently, this gives rise to some remarkably dissimilar approaches to investment, which the authors explore in detail.
The first study of its kind, Endowment Asset Management analyses the objectives, investment philosophy, asset management and governance of over 60 college and university endowment funds. Drawing on exhaustive research and detailed discussions with Oxford and Cambridge investment bursars, the authors investigate issues such as asset allocation and spending policy, which have a major influence on the institutions' financial health. This study reveals the colleges' individualism and diversity, and carefully analyses their strategies, which range from the traditional to cutting edge.
The authors' findings are thought provoking for anyone concerned with the assets of foundations, endowments, charities, family offices, or trusts. All investors with a long-term investment horizon will find it extremely engaging.
Les mer
This unique study focuses on how the endowment assets of Oxford and Cambridge colleges are invested. Despite their shared missions, each interprets its investment objective differently, often resulting in remarkably dissimilar strategies. This thought provoking study provides new insights for all investors with a long-term investment horizon.
Les mer
1. Endowment Definition ; 2. The Investment Committee ; 3. Investment Objective ; 4. Spending Policy ; 5. Asset Allocation ; 6. Investing in Property ; 7. Issues in Portfolio Management ; 8. Portfolio Risk ; 9. Consultant Selection and Monitoring ; 10. Manager Selection and Monitoring ; 11. Socially Responsible Investment ; 12. Performance Measurement ; 13. Endowment Management Cost ; 14. Fund Raising: Role of Gifts ; 15. Conclusion
Les mer
A unique study which provides a view of the institutional framework of endowment management at a number of Oxford and Cambridge colleges
Uses a combination of interviews, historical evidence, and survey data to understand how institutions provide for the future
Comparisons with US practice is consistently made
Les mer
Shanta Acharya is Associate Director of the Initiative on Foundation and Endowment Asset Management at London Business School. Previously, she worked as an investment professional in Morgan Stanley Asset Management, Swiss Bank Corporation Portfolio Management International, Baring Asset Management and Bank of Ireland Asset Management. She holds a D.Phil from Oxford and was a Visiting Scholar at Harvard. Elroy Dimson is BGI Professor of Investment Management at
London Business School, where he has served as Governor, chaired the Finance and Accounting groups, and been Dean of the MBA and Executive MBA programmes. His visiting positions have included the Bank of
England and the Universities of Chicago and California (Berkeley). Formerly President of the European Finance Association, Dr Dimson has published widely on investment management. He has advised foundations and endowments across Europe and the United States.
Les mer
A unique study which provides a view of the institutional framework of endowment management at a number of Oxford and Cambridge colleges
Uses a combination of interviews, historical evidence, and survey data to understand how institutions provide for the future
Comparisons with US practice is consistently made
Les mer
Produktdetaljer
ISBN
9780199210916
Publisert
2007
Utgiver
Vendor
Oxford University Press
Vekt
707 gr
Høyde
242 mm
Bredde
162 mm
Dybde
26 mm
Aldersnivå
P, 06
Språk
Product language
Engelsk
Format
Product format
Innbundet
Antall sider
384