Olson The Handbook for Investment Committee Members

How to Make Prudent Investments for Your Organization
1. Auflage 2005
ISBN: 978-0-471-72497-1
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 176 Seiten, E-Book

Reihe: Wiley Finance Editions

Comprehensive coverage of what it takes to be a responsible memberof an investment committee
In a clear, organized, and easy-to-understand manner, this handbookexplains the responsibilities and expectations of investmentcommittee fiduciaries for pension funds, endowment funds, andfoundations. Emphasizing all the do's and don'ts to follow forprudent investment management, this invaluable resource coverstopics ranging from investment policy, asset allocation, and riskassessment to understanding information presented at committeemeetings, asking meaningful and productive questions, and voting onrecommendations knowledgeably. This book will empower readers withall the knowledge they need to feel confident in the investmentdecisions they make for their organizations

Autoren/Hrsg.

Olson, Russell L.

Inhaltsverzeichnis

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 OperatingPolicies.
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'sOrganization.
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.

Über Autor(innen)

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.