投资委员手册：如何为你的机构进行明智投资 THE HANDBOOK FOR INVESTMENT COMMITTEE MEMBERS:
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作者： Russell L. Olson 著
出 版 社： 吉林长白山
出版时间： 2005-12-1字数：版次： 1页数： 160印刷时间： 2005/03/01开本：印次：纸张： 胶版纸I S B N ： 9780471719786包装： 精装内容简介
Comprehensive coverage of what it takes to be a responsible member of an investment committee
In a clear, organized, and easy-to-understand manner, this handbook explains the responsibilities and expectations of investment committee fiduciaries for pension funds, endowment funds, and foundations. Emphasizing all the do's and don'ts to follow for prudent investment management, this invaluable resource covers topics ranging from investment policy, asset allocation, and risk assessment to understanding information presented at committee meetings, asking meaningful and productive questions, and voting on recommendations knowledgeably. This book will empower readers with all the knowledge they need to feel confident in the investment decisions they make for their organizations
作者简介：RUSSELL L. OLSON, a consultant on institutional investing, retired in 2000 as the director of pension investments worldwide for Eastman Kodak. He had overseen Kodak's pension funds since 1972. Over the last thirty years, Olson also worked with a range of endowment funds. He was named one of America's nine best pension officers by Institutional Investor magazine in 1987 and was Investment Management Institute's first Plan Sponsor of the Year in 1993. Olson is also the author of The Independent Fiduciary: Investing for Pension Funds and Endowment Funds, also published by Wiley.
目录
Acknowledgments
Introduction
Organization of this Book
CHAPTER 1: The Investment Committee
Standards to Meet
Committee Organization and Functions
Interaction of Committee and Adviser
Social Investing
In Short
APPENDIX 1: Example of an Investment Committee’s Operating Policies
CHAPTER 2: Risk, Return, and Correlation
Return
Risk
Correlation
Risk-Adjusted Returns
Derivatives—A Boon or a Different Four-Letter Word?
In Short
CHAPTER 3: Setting Investment Policies
Time Horizon, Risk, and Return
Policy Asset Allocation
Preparing a Statement of Investment Policies
In Short
CHAPTER 4: Asset Allocation
Characteristics of an Asset Class
Asset Classes
Putting It All Together
In Short
CHAPTER 5: Alternative Asset Classes
Liquid Alternative Assets
Illiquid Investments
Private Asset Classes
In Short
CHAPTER 6: Selecting and Monitoring Investment Managers
Three Basic Approaches
Criteria for Hiring and Retaining Managers
Hiring Managers
Retaining Managers
In Short
CHAPTER 7: The Custodian
Custodial Reporting
Management Information
In Short
CHAPTER 8: Evaluating an Investment Fund’s Organization
Investment Objectives
Asset Allocation
The Fiduciary Committee
The Adviser
Investment Managers
CHAPTER 9: Structure of an Endowment Fund
The Total Return, or Imputed Income, Approach
“Owners” of the Endowment Fund
In Short
APPENDIX 9: The Total Return or Imputed Income Method
CHAPTER 10: What’s Different about Pension Funds?
Pension Plan Liabilities
Investment Implications
In Short
CHAPTER 11: Once Again
Glossary
Bibliography
Index
About the Author
