{"product_id":"9781484208328","title":"Winning the Institutional Investing Race: A Guide for Directors and Executives","description":"\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThe complexity of investments continues to grow, and institutional pools of capital from endowments to pension funds are suffering from too much risk and not enough return. Yet managing these investments and creating and implementing governance structures are seldom an integral part of the organization’s core mission or its operations. \"That’s the way it has always been,\" say many directors and executives. As a result, a board of directors or investment committee often believes it needs to make all the decisions--or outsource money management and hope for the best.\u003c\/p\u003e\u003cp\u003eAs \u003cem\u003eWinning the Institutional Investing Race: A Guide for Directors and Executives\u003c\/em\u003e makes clear, that sentiment is a big mistake that can lead to poor returns, reduced capital to employ on behalf of the organizational mission, and even charges of malfeasance on the part of directors. Authors Michael Bunn and Zack Campbell, who advise companies and institutions on best practices in institutional investment, are determined to help institutions and companies learn to manage their capital funds like the real businesses they are. This hands-on book will show you:\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eThe importance of governance in creating and overseeing investment policy\u003c\/li\u003e\n\u003cli\u003eThe roles and responsibilities of key stakeholders, especially board members\u003c\/li\u003e\n\u003cli\u003eHow to construct an effective investment policy statement\u003c\/li\u003e\n\u003cli\u003eAn overview of the four primary governance models available to trustees and the pros\/cons of each\u003c\/li\u003e\n\u003cli\u003eHow to work with fund managers, in house or out, to get the highest returns possible\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003eBesides governance, this book \u003cem\u003e\u003c\/em\u003ecovers a wide array of investment topics—modern portfolio theory, risk application, investment manager evaluation and manager search, asset allocation, and diversification, among others—while introducing a new and successful approach to managing investment portfolios. The goal is to provide a grounding in investing for those involved in making financial decisions at the board level. As the authors make clear, it is not possible just to beat the averages but to do so consistently.\u003c\/p\u003e\u003cp\u003e\u003cem\u003eWinning the Institutional Investing Race: A Guide for Directors and Executives\u003c\/em\u003e offers a healthy rethinking of investment management and governance for any organization or board that oversees institutional investments and manages those making investment decisions. Most important, it shows how directors and managers can maintain their fiduciary responsibilities to the organizations they serve while maximizing investment returns.\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eWhat you’ll learn\u003col\u003e\n\u003cli\u003eWhy governance matters and how to be an effective fiduciary. \u003c\/li\u003e\n\u003cli\u003eHow to structure governance and build an investment policy. \u003c\/li\u003e\n\u003cli\u003eHow to improve returns, control risk, and increase investment success. \u003c\/li\u003e\n\u003cli\u003eHow to avoid investment mistakes and avoid falling prey to myths and herd thinking. \u003c\/li\u003e\n\u003cli\u003eTechniques used by the top 1% of endowments to beat the indexes.\u003c\/li\u003e\n\u003c\/ol\u003eWho this book is for      \u003cp\u003e     Members of corporate and nonprofit boards and investment committees at universities, foundations, hospitals, and both public and corporate pension plans, along with executives charged with overseeing investments and investment advisors. Professional money managers will find this a useful guide to interacting with institutional board members and managers.      \u003c\/p\u003e     Table of Contents\u003cul\u003e\n\u003cli\u003eProcrustes Rules\u003c\/li\u003e\n\u003cli\u003eFiduciary Responsibilities\u003c\/li\u003e\n\u003cli\u003eEthics\u003c\/li\u003e\n\u003cli\u003eEssentials of Governance\u003c\/li\u003e\n\u003cli\u003eThe Investment Policy Statement\u003c\/li\u003e\n\u003cli\u003eGovernance Structures\u003c\/li\u003e\n\u003cli\u003eOutsourcing Investment Decision Making\u003c\/li\u003e\n\u003cli\u003eHow Gatekeepers Harm Information Flow\u003c\/li\u003e\n\u003cli\u003eAcademic Views of Investing\u003c\/li\u003e\n\u003cli\u003eInvestment Basics\u003c\/li\u003e\n\u003cli\u003eThe Role of Risk\u003c\/li\u003e\n\u003cli\u003eThe Role of Money Managers\u003c\/li\u003e\n\u003cli\u003eManager Search\u003c\/li\u003e\n\u003cli\u003eThe Right Way to View Asset Allocation\u003c\/li\u003e\n\u003cli\u003eWhat Diversification Really Means\u003c\/li\u003e\n\u003cli\u003eAsset Allocation: The Process\u003c\/li\u003e\n\u003cli\u003ePortfolio Evaluation\u003c\/li\u003e\n\u003cli\u003eWhen You Don’t Know What to Do\u003c\/li\u003e\n\u003cli\u003eThe Nature of Fees\u003c\/li\u003e\n\u003cli\u003eInvestment Myths\u003c\/li\u003e\n\u003cli\u003eUseful Statistics\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"Apress","offers":[{"title":"Default Title","offer_id":47130304643312,"sku":"9781484208328","price":27.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0737\/7593\/9824\/files\/9781484208328_p0.jpg?v=1763631988","url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9781484208328","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}