| 000 | 00890camuu22002894a 4500 | |
| 001 | 000000798076 | |
| 005 | 20030325105030 | |
| 008 | 011130s2002 enk b 001 0 eng | |
| 010 | ▼a 1055918 | |
| 020 | ▼a 0471557919 (alk. paper) | |
| 040 | ▼a DLC ▼c DLC ▼d UKM ▼d 211009 | |
| 042 | ▼a pcc | |
| 049 | 1 | ▼l 111228886 |
| 050 | 0 0 | ▼a HG4529.5 ▼b .A24 2002 |
| 082 | 0 0 | ▼a 332.6 ▼2 21 |
| 090 | ▼a 332.6 ▼b A176a | |
| 100 | 1 | ▼a Acharya, Shanta. |
| 245 | 1 0 | ▼a Asset management : ▼b equities demystified / ▼c Shanta Acharya. |
| 260 | ▼a Chichester, West Sussex, England ; ▼a New York : ▼b J. Wiley, ▼c 2002. | |
| 300 | ▼a xvi, 391 p. ; ▼c 24 cm. | |
| 490 | 1 | ▼a UK SIP series |
| 504 | ▼a Includes bibliographical references (p. 367-384) and index. | |
| 650 | 0 | ▼a Portfolio management. |
| 650 | 0 | ▼a Investment analysis. |
| 650 | 0 | ▼a Investments. |
| 830 | 0 | ▼a UKSIP |
소장정보
| No. | 소장처 | 청구기호 | 등록번호 | 도서상태 | 반납예정일 | 예약 | 서비스 |
|---|---|---|---|---|---|---|---|
| No. 1 | 소장처 중앙도서관/서고6층/ | 청구기호 332.6 A176a | 등록번호 111228886 | 도서상태 대출가능 | 반납예정일 | 예약 | 서비스 |
컨텐츠정보
책소개
The future of fund management in the era of individual trading
With the globalization of the financial markets, the rise of pension and tracker funds, and the technical feasibility for anyone to trade almost anything at any time, some are questioning the very necessity of highly paid fund managers. In Asset Management, Acharya argues that the industry is essential to the health of both the financial markets and the global economy at large and shows how the social implications of fund management reverberate throughout the world.
Dr. Shanta Acharya (London, UK) was a fund manager for Swiss Bank and Baring Asset Management, following an academic career at Harvard and Oxford. She is currently a freelance writer and researcher.
Over the years, financial professionals around the world have looked to the Wiley Finance series and its wide array of bestselling books for the knowledge, insights, and techniques that are essential to success in financial markets. As the pace of change in financial markets and instruments quickens, Wiley Finance continues to respond. With critically acclaimed books by leading thinkers on value investing, risk management, asset allocation, and many other critical subjects, the Wiley Finance series provides the financial community with information they want. Written to provide professionals and individuals with the most current thinking from the best minds in the industry, it is no wonder that the Wiley Finance series is the first and last stop for financial professionals looking to increase their financial expertise.
In den letzten Jahren hat es im Bereich der Vermogensverwaltung eine Reihe drastischer Veranderungen gegeben: Globalisierung, neue Technologien, 24-Stunden-Trading, Zunahme von Pensionsfonds und verstarkter Einsatz quantitativer Verfahren - dies alles hat Fondsmanager vor ganz neue Probleme gestellt. Autor Shanta Acharya analysiert hier die Zukunftsaussichten der Vermogensverwaltung und geht der Frage nach, ob Fondsmanager und Vermogensverwalter fur die Gesundheit der Finanzmarkte und fur die Wirtschaft im weiteren Sinne tatsachlich von grundlegender Bedeutung sind. "Asset Management Today" - eine provokative Diskussion uber die Zukunft der Vermogensverwaltungsbranche, die reichlich Zundstoff bietet. Enthalten sind Interviews mit fuhrenden Experten der Branche.
New feature
In recent years developments in information and communication technology, along with globalisation and trade liberalisation, have brought about a revolution in the capital markets. Always highly sensitive to global corporate trends, the asset management industry has been subject to huge changes in recent years.This book discusses the changing nature of asset management and the implications for investors. It is based on extensive research and interviews with a large number of distinguished practitioners in the industry.
The issue of how technology has impacted on asset management is discussed and how, with the growth of the industry, more individuals are exercising control over their investments than ever before. Insightful and comprehensive, this book is a must for anyone involved in the management of money.
정보제공 :
목차
CONTENTS Preface = ⅸ Acknowledgements = xi List of abbreviations = xiii 1 Capital Market Revolution = 1 Introduction = 1 The rise of institutional investors = 5 The impact of technology = 18 The changing profile of fund management = 28 Efficient market theory : myth or reality = 37 Conclusion = 44 2 The Alpha and Beta of Investing = 47 Introduction = 47 Risk and return in portfolio management = 49 The capital market line = 53 The principle of portfolio optimality = 55 The market risk premium = 57 The efficient portfolio = 64 The security market line = 67 Conclusion = 70 3 Indexation = 75 Introduction = 75 Indexation and legislation = 80 A strategy that has arrived = 83 Lowering cost enhances returns = 89 Risk and benchmark selection = 94 Is there a downside to indexation? = 101 Conclusion = 108 4 Active Management = 115 Introduction = 115 Computing power : handmaiden of investment success = 118 Technology : application versus valuation = 123 Enhancing the skill factor : transforming information into alpha = 132 The role of analysis = 140 Asset allocation : global versus local = 166 Style investing = 174 Conclusion = 184 5 Absolute Return Strategies = 187 Introduction = 187 Defining hedge funds = 193 Performance of hedge funds = 199 Risk allocation : the core-satellite approach = 205 Limits to growth : liquidity is the key = 211 Transparency : a double-edged sword = 217 The technological barrier = 222 The rise of capital-protected products = 224 Conclusion = 232 6 Private Equity = 237 Introduction = 237 Defining private equity = 242 An introduction to the market in the UK = 248 Investment performance = 262 The economic impact of private equity = 267 Barriers to investing = 275 Conclusion = 280 7 Socially Responsible Investing = 283 Introduction = 283 Challenges of global investing = 286 Rise of shareholder activism = 293 Socially responsible investment = 306 Conclusion = 326 8 Concluding Observations = 331 Introduction = 331 Prospects for the future = 334 The role of investment consultants = 337 Fund management and the question of fees = 344 Focus on core competency = 349 Rise of the individual investor = 353 Who will pay for independent research? = 358 The cost of socially responsible investing = 360 Conclusion = 363 Notes = 367 Index = 385