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Investment Management and Mismanagement: History, Findings, and Analysis: Innovations in Financial Markets and Institutions, cartea 17

Autor Seth Anderson
en Limba Engleză Hardback – 11 mai 2006
Investment Management and Mismanagement: History, Findings, and Analysis will present the reader with: (1) a brief overview of portfolio management and its historical evolution , (2) the findings of a substantial amount of academic research into the performance of portfolio managers, (3) the various issues associated with both institutional and individual portfolio mismanagement, and (4) a treatment of the areas of suitability and churning The articles referenced are primarily works from academic journals, including: The Journal of Finance, Journal of Financial Economics, and others, as well as from practitioner-oriented venues, such as Financial Analyst Journal and various law journals. This work should be of value to academic researchers as a convenient source of summarized studies in these areas, while practitioners will find value its content as an efficient reference for determining the benefits of asset management as well as potential pitfalls.
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Specificații

ISBN-13: 9780387338293
ISBN-10: 0387338292
Pagini: 178
Ilustrații: XII, 178 p.
Dimensiuni: 152 x 223 x 17 mm
Greutate: 0.44 kg
Ediția:2006
Editura: Springer Us
Colecția Springer
Seria Innovations in Financial Markets and Institutions

Locul publicării:New York, NY, United States

Public țintă

Professional/practitioner

Cuprins

The Investment Process.- The Historical Backdrop for Investment Management.- Market Eefficiency and Anomalies.- The Efficacy of Analysts’ Recommendations.- Studies of Institutional Portfolio Performance.- Studies of Individual Portfolio Performance.- Investiment Costs and the Mismanagement Issue.- Suitability.- Churning.- Conclusion.

Notă biografică

Seth Anderson is a Professor of Finance with expertise in Investments/International Finance at the University of North Florida. He has served as a research consultant for several large pension plans including EIDupont. He also served as an expert witness work in the area of portfolio management. He is the author of Mutual Funds: Fifty Years of Research Findings, Closed-End Fund Pricing: Theories and Evidence, Initial Public Offerings: Findings and Theories, and Closed End Investment Companies: Issues and Answers. He has also authored more than forty articles published in Journal of Financial Research, Financial Services Review, Journal of Behavioral Economics, Financial Analysts Journal, Journal of Portfolio Management among others. His research findings have been cited in Barron’s, Business Week, CBS Radio News, Forbes, Money, Mutual Fund Magazine, The Wall Street Journal, and other national and local media.

Textul de pe ultima copertă

INVESTMENT MANAGEMENT AND MISMANAGEMENT: History, Findings, and Analysis is designed for academic researchers, legal professionals, and practitioners who are interested in the various issues surrounding both professional and individual investment management. These issues include performance, anomalies, market timing, suitability, and churning, among others. The construct of mismanagement is presented in light of the impact of various costs on investment returns.
"The book starts with a concise, yet informative, history of the primary entities of the investment industry. The first part of the book interestingly points out that many of the industry’s challenges are not particularly new, but have been played out again and again throughout the existence of our financial markets. Against that backdrop, the author then proceeds to lay out the myriad of challenges inherent in today’s environment. The book covers important topics, ranging from mutual funds’ inability to consistently provide value, to the performance of individual investors. As to the problems of suitability and churning, the material clearly leads the reader to understand that these issues are rooted in the traditional method of compensation to brokers. The conflict of interest inherent in this method cannot be resolved until the manner of compensation is revised. This is a good review for the experienced investment professional, as well as an excellent overview for the novice."
Kathleen A. Wayner
President and CEO
Darren C. Kavesh
Chief Investment Officer
Bowling Portfolio Management
513-871-7776

Caracteristici

Includes an analysis of the literature on individual investor behavior Includes an analysis of the literature on professional investor behavior Includes an analysis of the literature on both suitability and churning Focuses directly on all of the reasons for investments management underperformance Includes supplementary material: sn.pub/extras