Investment Management: Meeting the Noble Challenges of Funding Pensions, Deficits, and Growth Hardcover - 2009 - 1st Edition

From the jacket flap

Today's investment professional faces the formidable challenge of funding the retirement of millions of workers as well as meeting the capital formation needs that sustain businesses around the world. During these extremely volatile times, the rate at which changes are occurring in areas directly impacting the practice of investing has forced individuals in this field to "think about their thinking" and reexamine some of their long-standing assumptions.

Wayne Wagner--a leading financial thinker whose work on investment management efficiency has saved investors billions of dollars--and Ralph Rieves--an experienced financial editor and advisor, who's worked with some of the best minds in the business--understand the issues affecting investment managers, fiduciaries, trustees, and regulators striving to meet the challenges of funding pensions, deficits, and growth. Now, with Investment Management, Wagner and Rieves address these issues through the contributions of acknowledged authorities from various investment management companies, consulting firms, professional associations, and universities.

Current turmoil in the capital markets has made global financial stewardship a difficult endeavor, but by facing reality, focusing on clients, and reexamining assumptions, you can continue to succeed, and Investment Management will show you how. Divided into six comprehensive parts--with contributions from a roster of top professionals and academics including Peter Bernstein, Richard Bookstaber, Robert Jaeger, Arnold Wood, and Francis Gupta, among others--this well-rounded resource:

Part I explores the turbulence and changes within the industry, and suggests what it might take to fulfill your investment obligations moving forward

Part II details some attitudinal challenges that the financial world will always face

Part III addresses the "town and gown" aspects of the investment process through discussions of theory and practice

Part IV offers insights on client-side challenges and provides professionals with a better understanding of what the business is all about

Part V describes the transactional aspects of portfolio management--from understanding the technology to executing cost-effective trades

Part VI focuses on the attributes and characteristics necessary to sustain the growth of a firm--from substantiating policy and building a professional team to utilizing emerging technology

As a professional in the investment industry--and steward of the world's assets--you need to adjust accordingly to changing markets, as well as reassess the way you manage money. Investment Management will put you in a better position to do this, and much more, as it offers practical guidance on navigating an ever-evolving financial landscape.