投资经理选择及其业绩评估手册How to Select Investment Managers & Evaluate Performance : A Guide for Pension Funds,
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作者： G. Timothy Haight, Glenn Ross, Stephen O. Morrell 著
出 版 社： Oversea Publishing House
出版时间： 2007-10-1字数：版次： 1页数： 260印刷时间： 2007/10/01开本： 16开印次： 1纸张： 胶版纸I S B N ： 9780470042557包装： 精装编辑推荐
作者简介：G. Timothy Haight, DBA, is the President of Menlo College, Chairman of the Board of Commonwealth Business Bank, and a member of the Board of Advisors of St. Cloud Capital Partners, LLC. He also serves as a member of Southern California Edison's Nuclear Power Decommissioning Fund Committee. Dr. Haight earned a Doctorate in Business Administration (DBA) with a major in business finance and investments from George Washington University. He received his MBA and BS degrees from the University of Dayton.
内容简介
This book-one of the very few of its kind-is an invaluable aid to trustees of pension plans, endowments, and trusts who seek to chart and navigate courses for governing and overseeing the investment of the trillions of dollars under their care. It covers many aspects of this essential endeavor, including return measures, fixed income and duration, manager searches, committee meetings, and much more.
G. Timothy Haight (Atherton, CA) is President of Menlo College in Silicon Valley. Stephen O. Morrell, PhD (Coral Springs, FL) is Professor at Andreas School of Business of Barry University. Glenn Ross (Baltimore, MD) is a Managing Director and cofounder of Archstone Portfolio Solutions.
目录
Preface
About the Authors
CHAPTER1 investment Sponsors
The Investment Committee
The Variety of Investment Sponsors
Taxable Investment Sponsors
Summary
CHAPTER 2 Investment Policy Statomont
Investment Philosophy and Goals
Investment Return Objectives
Risk Tolerances
Constraints
Investment Strategy
In-House or Outside Manager
Investment Policy
Securities Types and Risk Characteristics
Asset Allocation Guidelines
Evaluation of Performance
Benchmark Portfolios
Periodic Review
Summary
CHAPTER 3 Investment Overview
Capital Appreciation
Active versus Passive
versus Current Income
Investment Approaches
Investment Styles-Equity Managers
Investment Styles-Fixed Income Managers
Summary
CHAPTI~ 4 Alternative Investment Vehicles
Hybrid Securities
Derivative Contracts
International Investment Vehicles
Real Estate Investment Vehicles
Investment Vehicles for Accredited Investors
Commodities and Collectibles
Summary
CHAPTER 5 Return Measuros and Roportlng Techniques
Dollar-Weighted Rate of Return
Time-Weighted Rate of Return
Annualized Rates of Return
Geometric Mean
Total Return and its Components
Compound Growth
Summary
CHAPTI~ 6 Roturn-Rlsk Measuremont
Return Relative
Standard Deviation
Portfolio Risk Measure
Scatter Diagram
Coefficient of Variation
Regression Analysis
Portfolio Size and Diversification Levels
Regression Analysis of Fund I
Additional Performance Indexes
Summary
CHAPTER 7 Portfolio Performance Evaluation
Performance Results
Composite Index
International Investing
……
Chapter 8. Equity Performance Evaluation.
Chapter 9. Fixed Income Performance Evaluation.
Chapter 10. Investment Companies as Investment Vehicles.
Chapter 11. Investment Manager Search Process.
Chapter 12. Conducting Investment Committee Meetings.
Index.
