The New Frontier Investors: How Pension Funds, Sovereign Funds, and Endowments are Changing the Business of Investment Management and Long-Term Investing
Autor Jagdeep Singh Bachher, Adam D. Dixon, Ashby H. B. Monken Limba Engleză Hardback – 18 oct 2016
Thelessons illustrated in The New FrontierInvestors fly in the face of conventional wisdom, which has it that theseasset owners are at a disadvantage to the private sector fund managers andother service providers. These asset owners are supposedly not able to attracttalent nor do they have the organizational capabilities to compete. That many arelocated far from the markets in which they invest only exacerbates the problem.But this is incorrect. This expanding group of asset owners is learning how tomake the most of their scale and long time horizons, finding new ways toattract talent, to collaborate, and to build greater alignment with the usersof capital. They are not at a disadvantage. They are at an advantage.
The New FrontierInvestorsis essential reading for anyone wanting to see a change in global financialmarkets and the professionalization of asset owners worldwide, from publicpension funds and sovereign wealth funds to foundations and endowments. It isthus required reading for the senior executives and employees working in thefield of beneficiary institutional investment, as well as government officialsand others that have a stake in the design and governance of beneficiaryfinancial institutions and long-term capital.
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Specificații
ISBN-13: 9781137508560
ISBN-10: 1137508566
Pagini: 152
Ilustrații: XXIII, 147 p. 6 illus. in color.
Dimensiuni: 155 x 235 x 19 mm
Greutate: 0.41 kg
Ediția:1st ed. 2016
Editura: Palgrave Macmillan UK
Colecția Palgrave Macmillan
Locul publicării:London, United Kingdom
ISBN-10: 1137508566
Pagini: 152
Ilustrații: XXIII, 147 p. 6 illus. in color.
Dimensiuni: 155 x 235 x 19 mm
Greutate: 0.41 kg
Ediția:1st ed. 2016
Editura: Palgrave Macmillan UK
Colecția Palgrave Macmillan
Locul publicării:London, United Kingdom
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Cuprins
1. The Foundations of Capitalism:Beneficiary Asset Managers.- 2. Unleashing Innovation through BetterGovernance.- 3. Unleashing Innovation through People.- 4. Unleashing Innovation throughCollaboration.- 5. UnleashingLocational Advantage.- 6. TheValley of Opportunity: Bringing Innovation to Venture Capital.- 7. DoesTransparency Restrict Innovation among Long-term Investors?.- 8. CatalyzingDevelopment in a Short-term World.- 9. TenPillars for Centennial Performance
Notă biografică
Jagdeep Singh Bachher is Chief Investment Officer of theUniversity of California’s pension, endowment, short-term, and total returninvestment pools. Previously he was Executive Vice President, Venture and Innovation,and Deputy CIO at AIMCo. He is also chairman emeritus of the InstitutionalInvestors Roundtable, a global organization representing long-term investorssuch as sovereign wealth funds and pension funds worth collectively over $11Trillion. In 2012 he was named in the Global Top Forty Under Forty ChiefInvestment Officers of aiCIOMagazine. He also serves on the World Economic Forum's Global Agenda Council onthe Future of Investing. He holds a BASc in mechanical engineering and an MAScand PhD in management sciences from the University of Waterloo.
Adam D. Dixon is Reader in Economic Geography at the University ofBristol. He is also a non-resident research affiliate at Stanford University’sGlobal Projects Center, the European Centrefor Corporate Engagement atMaastricht University in the Netherlands, and IE Business School’s SovereignInvestment Lab in Madrid. His research focuses on financial globalization andthe political economy of institutional investors, particularly sovereign wealthfunds and pension funds. He is the author of The New Geography ofCapitalism: Firms, Finance, and Society (Oxford University Press 2014) andco-author with Gordon L. Clark and Ashby H. B. Monk of Sovereign WealthFunds: Legitimacy, Governance, and Global Power (Princeton UniversityPress, 2013). In addition to his scholarship, Dr Dixon has worked with a rangeof international organizations and NGOs, such as the OECD, the AsianDevelopment Bank, the Center for Global Development, and the Pacific PensionInstitute. He holds a D.Phil. in economic geography from the University ofOxford, a Diplôme (Master) de l’Institut d’Etudes Politiques de Parisin finance, and a BA in international affairs from The George WashingtonUniversity.
Dr Ashby H. B. Monk is the Executive and Research Director of the Stanford Global ProjectsCenter. He is also a Senior Research Associate at the University of Oxford anda Senior Advisor to the Chief Investment Officer of the University ofCalifornia. Dr Monk has a strong track record of academic and industrypublications. He was named by aiCIOmagazine as one of the most influential academics in the institutionalinvesting world. His research and writing has been featured in TheEconomist, New York Times, Wall Street Journal, FinancialTimes, Institutional Investor, Reuters, Forbes, andon National Public Radio among a variety of other media. His current researchfocus is on the design and governance of institutional investors, withparticular specialization on pension and sovereign wealth funds. He receivedhis Doctorate in Economic Geography at Oxford Universityand holds a Master'sin International Economics from the Université de Paris 1 Panthéon Sorbonne anda Bachelor's in Economics from Princeton University.
Adam D. Dixon is Reader in Economic Geography at the University ofBristol. He is also a non-resident research affiliate at Stanford University’sGlobal Projects Center, the European Centrefor Corporate Engagement atMaastricht University in the Netherlands, and IE Business School’s SovereignInvestment Lab in Madrid. His research focuses on financial globalization andthe political economy of institutional investors, particularly sovereign wealthfunds and pension funds. He is the author of The New Geography ofCapitalism: Firms, Finance, and Society (Oxford University Press 2014) andco-author with Gordon L. Clark and Ashby H. B. Monk of Sovereign WealthFunds: Legitimacy, Governance, and Global Power (Princeton UniversityPress, 2013). In addition to his scholarship, Dr Dixon has worked with a rangeof international organizations and NGOs, such as the OECD, the AsianDevelopment Bank, the Center for Global Development, and the Pacific PensionInstitute. He holds a D.Phil. in economic geography from the University ofOxford, a Diplôme (Master) de l’Institut d’Etudes Politiques de Parisin finance, and a BA in international affairs from The George WashingtonUniversity.
Dr Ashby H. B. Monk is the Executive and Research Director of the Stanford Global ProjectsCenter. He is also a Senior Research Associate at the University of Oxford anda Senior Advisor to the Chief Investment Officer of the University ofCalifornia. Dr Monk has a strong track record of academic and industrypublications. He was named by aiCIOmagazine as one of the most influential academics in the institutionalinvesting world. His research and writing has been featured in TheEconomist, New York Times, Wall Street Journal, FinancialTimes, Institutional Investor, Reuters, Forbes, andon National Public Radio among a variety of other media. His current researchfocus is on the design and governance of institutional investors, withparticular specialization on pension and sovereign wealth funds. He receivedhis Doctorate in Economic Geography at Oxford Universityand holds a Master'sin International Economics from the Université de Paris 1 Panthéon Sorbonne anda Bachelor's in Economics from Princeton University.
Textul de pe ultima copertă
Whoholds the power in financial markets? For many, the answer would probably bethe large investment banks, big asset managers, and hedge funds. These are theorganizations that are in the media's spotlight and whose leaders and employeescommand outsized salaries and bonuses. They are the supposed leading edge ofglobal finance and their power seems almost absolute, even as questions aboundabout their social and economic utility. But more and more asset owners areconfronting the status quo, the power to exact high fees and the focus on theshort term. The New Frontier Investorschronicles the rise of this new group of long horizon asset owners thatincludes some of the world's largest pension funds, sovereign wealth funds, andendowments. These asset owners are driving the business of asset management toa new frontier by retaking responsibility of the end-to-end management of theirinvestment portfolios and by re-conceptualizing investment decision-making.
Thelessons illustrated in The New FrontierInvestors fly in the face of conventional wisdom, which has it that theseasset owners are at a disadvantage to the private sector fund managers andother service providers. These asset owners are supposedly not able to attracttalent nor do they have the organizational capabilities to compete. That many arelocated far from the markets in which they invest only exacerbates the problem.But this is incorrect. This expanding group of asset owners is learning how tomake the most of their scale and long time horizons, finding new ways toattract talent, to collaborate, and to build greater alignment with the usersof capital. They are not at a disadvantage. They are at an advantage.
The New FrontierInvestorsis essential reading for anyone wanting to see a change in global financialmarkets and the professionalization of asset owners worldwide, from publicpension funds and sovereign wealth funds to foundations and endowments. It isthus required reading for the senior executives and employees working in thefield of beneficiary institutional investment, as well as government officialsand others that have a stake in the design and governance of beneficiaryfinancial institutions and long-term capital.
Thelessons illustrated in The New FrontierInvestors fly in the face of conventional wisdom, which has it that theseasset owners are at a disadvantage to the private sector fund managers andother service providers. These asset owners are supposedly not able to attracttalent nor do they have the organizational capabilities to compete. That many arelocated far from the markets in which they invest only exacerbates the problem.But this is incorrect. This expanding group of asset owners is learning how tomake the most of their scale and long time horizons, finding new ways toattract talent, to collaborate, and to build greater alignment with the usersof capital. They are not at a disadvantage. They are at an advantage.
The New FrontierInvestorsis essential reading for anyone wanting to see a change in global financialmarkets and the professionalization of asset owners worldwide, from publicpension funds and sovereign wealth funds to foundations and endowments. It isthus required reading for the senior executives and employees working in thefield of beneficiary institutional investment, as well as government officialsand others that have a stake in the design and governance of beneficiaryfinancial institutions and long-term capital.