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Author: Bevis Longstreth Publisher: Oxford University Press ISBN: 0195364694 Category : Law Languages : en Pages : 292
Book Description
In recent years the field of finance has exploded with innovation. New products, services and techniques abound. The risks of inflation, the volatility of interest rates, the deregulation of financial intermediaries and the unbundling of financial services have combined to present investment managers with challenges and opportunities far greater than in the past. For trustees and managers of pension, trust, endowment, and similar funds, the task of meeting the challenges and exploiting the opportunities is much more difficult. These fiduciaries must measure their investment decisions against constrained interpretations of a legal standard--the prudent man rule--that have caused it to lag far behind changes in investment theory and the marketplace. Drawing on financial history, a major opinion survey of institutional investors, and comprehensive reviews of the law and of the lessons of modern portfolio theory for prudence, this book presents a powerful case that the prudent man rule as elaborated in legal treatises and much of the case law would virtually compel a fiduciary to act imprudently in terms of financial theory and marketplace reality. In proposing a modern paradigm of investment prudence, the book uses illustrations drawn from such traditionally suspect categories of investment fiduciaries as securities lending, real estate, venture capital, options and futures and repurchaser agreements. An unusual examination of the interaction of the worlds of law and finance, this work will be of interest to fiduciaries who are subject to some from of prudent man rule and all others, including judges, lawyers and investment managers, who are called upon to interpret and apply that legal standard.
Author: Bevis Longstreth Publisher: Oxford University Press ISBN: 0195364694 Category : Law Languages : en Pages : 292
Book Description
In recent years the field of finance has exploded with innovation. New products, services and techniques abound. The risks of inflation, the volatility of interest rates, the deregulation of financial intermediaries and the unbundling of financial services have combined to present investment managers with challenges and opportunities far greater than in the past. For trustees and managers of pension, trust, endowment, and similar funds, the task of meeting the challenges and exploiting the opportunities is much more difficult. These fiduciaries must measure their investment decisions against constrained interpretations of a legal standard--the prudent man rule--that have caused it to lag far behind changes in investment theory and the marketplace. Drawing on financial history, a major opinion survey of institutional investors, and comprehensive reviews of the law and of the lessons of modern portfolio theory for prudence, this book presents a powerful case that the prudent man rule as elaborated in legal treatises and much of the case law would virtually compel a fiduciary to act imprudently in terms of financial theory and marketplace reality. In proposing a modern paradigm of investment prudence, the book uses illustrations drawn from such traditionally suspect categories of investment fiduciaries as securities lending, real estate, venture capital, options and futures and repurchaser agreements. An unusual examination of the interaction of the worlds of law and finance, this work will be of interest to fiduciaries who are subject to some from of prudent man rule and all others, including judges, lawyers and investment managers, who are called upon to interpret and apply that legal standard.
Author: Bob Litterman Publisher: Wiley ISBN: 0471480657 Category : Business & Economics Languages : en Pages : 648
Book Description
Introduces the modern investment management techniques used by Goldman Sachs asset management to a broad range of institutional and sophisticated investors. * Along with Fischer Black, Bob Litterman created the Black-Litterman asset allocation model, one of the most widely respected and used asset allocation models deployed by institutional investors. * Litterman and his asset management group are often a driving force behind the asset allocation and investment decision-making of the world's largest 100 pension funds.
Author: James P. Owen Publisher: Irwin Professional Publishing ISBN: 9781557384904 Category : Business & Economics Languages : en Pages : 218
Book Description
This book is not for the do-it-yourself investor or the amateur speculator, but for the serious investor seeking a professional investment approach to money management. This bestselling guide explores all the variables critical to the orchestration of a successful investment program.
Author: James P. Owen Publisher: John Wiley & Sons ISBN: 0471436739 Category : Business & Economics Languages : en Pages : 258
Book Description
Hedge funds are typically thought of as highly risky investments. Not so. In fact, some hedge funds are among the most conservative investments you can make. While speculative, high-flying hedge funds make the headlines, others quietly go about the work of crafting unique investment strategies and hedging portfolios against market risk. This much-needed book shows why affluent investors who want to be financially secure through retirement should know about hedge funds. Its blend of facts, practical tips, and personal insights takes the mystery out of this often misunderstood investment vehicle and reveals the critical questions to ask before you invest. James P. Owen (Santa Barbara, CA) has more than 30 years of experience in the investment management industry and is Senior Vice President of Broadmark Asset Management. Previously he was President of JPO Inc. and a partner with NWQ Investment Management Company. He is co-founder of the Investment Management Consultant s Association (IMCA); author of the financial bestseller, The Prudent Investor: The Definitive Guide to Professional Investment Management; and was associate producer of the PBS television series,Beyond Wall Street: The Art of Investing
Author: John J. Bowen Publisher: McGraw Hill Professional ISBN: 9780071367448 Category : Technology & Engineering Languages : en Pages : 200
Book Description
"Timely and practical. This book brings the leading edge of investment information to the prudent investor in an understandable way." - Charles Schwab, Chairman, Charles Schwab Corporation. "to write a book like this on Modern Portfolio Theory and make it understandable would be a very difficult job. John Bowen went ahead and did it. Congratulations." - Merton Miller, Nobel Laureate in Economics. Individual investors today must fend for themselves as they seize control of their own portfolios. In this authoritative and ill-researched book, investors learn how to simply and effectively use popular asset allocation strategies - in combinations with mutual funds - to greatly increase their returns. The reader is walked step-by-step through a low-risk, high-return approach using model portfolios and case histories, plus timely information on emerging markets, tax-saving moves, annuity products, and more.
Author: Gary Watt Publisher: Oxford University Press ISBN: 0198804695 Category : Equity Languages : en Pages : 635
Book Description
Gary Watt provides detailed and conceptual analysis of the complex area of trusts and equity. Emphasis on the modern commercial context and abundant cultural references, ensure students find Watt's approach a stimulating and inspiring read.
Author: Harvey E. Bines Publisher: Wolters Kluwer ISBN: 0735530483 Category : Law Languages : en Pages : 968
Book Description
In its First Edition, this classic treatise called attention to the duty of reasonable care, the duty of loyalty and the public duty of fiduciaries to the marketplace. Grounded in the idea that prudent investing is to be defined by professional practices accepted as appropriate at the time of investment by the management, thereby permitting such practices to adapt to changing conditions and insights, the field of investment management law and regulation has at its center the goal of a common standard of care for investment.Now in its Second Edition, this definitive guide to investment management law and regulation helps you to profitably adapt to today's new and changing conditions and anticipate tomorrow's regulatory response.Here are just a few of the reasons why Investment Management Law and Regulation will be so valuable to you:Explains and analyzes all the ins and outs of the law, clarifies the complexities, answers your questions, points out pitfalls and helps you avoid themCovers the entire field in one volume, saves you valuable time and effort in finding information and searching through stacks of referencesEnsures compliance with all relevant regulations, makes sure nothing is overlooked, protects you against costly mistakesUpdates you on the latest important changes, tells you what is happening now and what is likely to happen in the future Investment Management Law and Regulation is the only up-to-date volume to offer a comprehensive examination of the field of investment management law, covering everything from financial theory and legal theory to the various aspects of hands-on fund management. It's the only resource of its kind that:Identifies and explains the financial theories that control the development of investment management law across management activitiesGives critical judicial, legislative, and regulatory history that makes recent law and regulation more comprehensibleCovers all areas of regulation governing the activities of investment managers, including marketing, suitability, advisory contacts, fees, exculpation and indemnification, performance, fiduciary obligations, conflicts of interest, best executionProvides the practical tools that help predict more effectively how regulators will respond to new marketplace developments and productsIntegrates investment management law and regulation for all institutional investment managersAnd more Whether you are a manager, broker, banker, or legal counsel, a seasoned professional or just starting out, this treatise will quickly become your most trusted guide through the intricacies of this complex, critical, and closely scrutinized area
Author: Guerdon T. Ely Publisher: Xulon Press ISBN: 1615795979 Category : Business & Economics Languages : en Pages : 190
Book Description
The certainty of uncertainty is as true for managing investments as it is for potty-training toddlers; if you are not careful you could end up with a real mess! This is especially true for anyone responsible, even indirectly, for money belonging to a relative, friend, trust, charity, pension or other entity. Being a fiduciary is a very serious legal obligation but this book makes learning how to be one actually fun! If you ever need to serve as or hire a trustee, executor, or investment advisor for your own money or that of family or friends, you must understand what "fiduciary responsibility" means. Guerdon Ely's book is the fastest, most boredom-free, way to gain that understanding. Natalie B. Choate, Esq., Author, Life and Death Planning for Retirement Benefits An exceptionally entertaining book that uses a unique story telling format to define fiduciaries and explain their duties in terms that are easily understood. Guerdon's simple and concise summarization of the elements of "prudence" alone makes this book worth reading. David O'Leary, Esq., Senior Counsel, Holland & Knight LLP This book is brilliant! Fiduciary responsibility can be very dry reading but the author's use of autobiographical tales makes it an extremely enjoyable process. June Hunt, Retired CFO Superbly written, Ely brings the objective standards of modern prudent fiduciary investing to life. A must read for anyone entrusted with the duties of a fiduciary. Katherine Simmonds, Director of Financial Planning Ely brings a common sense approach to fiduciary investing. I find myself reading his stories to friends and colleagues, not only for the content but also for the humor! CPAs and attorneys must recommend this book to all their clients who are fiduciaries. Glenn Freed, PhD, Vice President, A Major Investment Management Firm Former Accounting Professor, University of Southern California
Author: Evan J. Criddle Publisher: Oxford University Press ISBN: 0190634111 Category : Law Languages : en Pages : 912
Book Description
The Oxford Handbook of Fiduciary Law provides a comprehensive overview of critical topics in fiduciary law and theory through chapters authored by leading scholars. The Handbook opens with surveys of the many fields of law in which fiduciary duties arise, including agency law, trust law, corporate law, pension law, bankruptcy law, family law, employment law, legal representation, health care, and international law. Drawing on these surveys, the Handbook offers a synthetic analysis of fiduciary law's key concepts and principles. Chapters in the Handbook explore the defining features of fiduciary relationships, clarify the distinctive fiduciary duties that arise in these relationships, and identify the remedies available for breach of fiduciary duties. The volume also provides numerous comparative perspectives on fiduciary law from eminent legal historians and from scholars with deep expertise in a diverse array of the world's legal systems. Finally, the Handbook lays the groundwork for future research on fiduciary law and theory by highlighting cross-cutting themes, identifying persistent theoretical and practical challenges, and exploring how the field could be enriched through empirical analysis and interdisciplinary insights from economics, philosophy, and psychology. Unparalleled in its breadth and depth of coverage, The Oxford Handbook of Fiduciary Law represents an invaluable resource for practitioners, policymakers, scholars, and students in this essential field of law.
Author: GOLDIE Publisher: McGraw-Hill Education ISBN: 9780071344142 Category : Business & Economics Languages : en Pages :
Book Description
"Timely and practical. This book brings the leading edge of investment information to the prudent investor in an understandable way." - Charles Schwab, Chairman, Charles Schwab Corporation. "to write a book like this on Modern Portfolio Theory and make it understandable would be a very difficult job. John Bowen went ahead and did it. Congratulations." - Merton Miller, Nobel Laureate in Economics. Individual investors today must fend for themselves as they seize control of their own portfolios. In this authoritative and well-researched book, investors learn how to simply and effectively use popular asset allocation strategies - in combinations with mutual funds - to greatly increase their returns. The reader is walked step-by-step through a low-risk, high-return approach using model portfolios and case histories, plus timely information on emerging markets, tax-saving moves, annuity products, and more.
Author: Bevis Longstreth
Author: Bevis Longstreth
Author: Bob Litterman
Author: James P. Owen
Author: James P. Owen
Author: John J. Bowen
Author: Gary Watt
Author: Harvey E. Bines
Author: Guerdon T. Ely
Author: Evan J. Criddle
Author: GOLDIE