,Table of Contents
Cover
Preface
CHAPTER 1: Seismic Shifts
THE CODE OF HAMMURABI
CREDIT CRISIS TO FINANCIAL CRISIS
QUANTITATIVE EASING
SPOOKY MARKETS
RISE IN ALTERNATIVES
THE ARAB SPRING
MIGRATION
RISE IN POPULISM
BREXIT
SOCIO-ECONOMIC DIVIDE IN EUROPE
ACTIVE VS. PASSIVE
GENERATIONAL SHIFTS
GLOBAL INFLATION
IMPACT OF THE INTERNET
ENVIRONMENTAL, SOCIAL AND GOVERNANCE ISSUES
COMPLEXITY, TRANSPARENCY AND SCALE
SOME CONCLUSIONS
ENDNOTES
CHAPTER 2: What Is it like Being an Asset Manager?
ENDNOTE
CHAPTER 3: Structures and Economics
JURISDICTION OF ASSET MANAGERS
REGULATION OF ASSET MANAGERS
STRUCTURES OF MANAGEMENT VEHICLES
MANAGEMENT COMPANY ECONOMICS
, COSTS OF RUNNING A MANAGEMENT COMPANY
INTERNAL TEAM ECONOMICS
DOES SIZE MATTER?
SOME CONCLUSIONS
ENDNOTES
CHAPTER 4: Governance
REGULATORY BACKGROUND
BOARDS AND COMMITTEES
GOVERNANCE TRENDS
THE RISE OF ESG
IMPACT FUNDS
SOME CONCLUSIONS
ENDNOTES
CHAPTER 5: Investment Strategies
PUBLIC EQUITIES
BONDS OR CREDIT
ASSET-BACKED SECURITIES, COLLATERALISED LOAN
OBLIGATIONS AND COLLATERALISED DEBT OBLIGATIONS
REAL ESTATE AND INFRASTRUCTURE
OTHER HARD ASSETS
PRIVATE EQUITY
VENTURE CAPITAL
HEDGE FUND STRATEGIES
OTHER STRATEGIES
HOT TOPICS
SOME CONCLUSIONS
ENDNOTES
CHAPTER 6: Investors' View of the Industry
SOVEREIGN WEALTH FUNDS
STATE-SPONSORED FUNDS
PENSION FUNDS
, CHARITIES
FAMILY OFFICES
INDIVIDUALS
SOME CONCLUSIONS
ENDNOTES
CHAPTER 7: Asset Allocation and Portfolio Construction
PORTFOLIO CONSTRUCTION
STRATEGIC ASSET ALLOCATION
DIFFERENT APPROACHES TO STRATEGIC ASSET
ALLOCATION
ASSET ALLOCATION CONSIDERATIONS
THE CHALLENGES OF ASSET ALLOCATION OVER TIME
RISK CONSIDERATIONS
RESTRUCTURING A PORTFOLIO
THE FINAL STEPS
SOME CONCLUSIONS
ENDNOTES
CHAPTER 8: Technology
THE USE OF TECHNOLOGY
FUTURE ADVANCES
ADOPTING TECHNOLOGICAL ADVANCEMENTS
CYBERSECURITY
SOCIAL MEDIA
COMPETING WITH SOCIAL MEDIA AND TECHNOLOGY
GIANTS
MARKET DISRUPTION
SOME CONCLUSIONS
ENDNOTES
CHAPTER 9: Regulation in the Asset Management Industry
UK REGULATORY ENVIRONMENT
US REGULATORY ENVIRONMENT
Cover
Preface
CHAPTER 1: Seismic Shifts
THE CODE OF HAMMURABI
CREDIT CRISIS TO FINANCIAL CRISIS
QUANTITATIVE EASING
SPOOKY MARKETS
RISE IN ALTERNATIVES
THE ARAB SPRING
MIGRATION
RISE IN POPULISM
BREXIT
SOCIO-ECONOMIC DIVIDE IN EUROPE
ACTIVE VS. PASSIVE
GENERATIONAL SHIFTS
GLOBAL INFLATION
IMPACT OF THE INTERNET
ENVIRONMENTAL, SOCIAL AND GOVERNANCE ISSUES
COMPLEXITY, TRANSPARENCY AND SCALE
SOME CONCLUSIONS
ENDNOTES
CHAPTER 2: What Is it like Being an Asset Manager?
ENDNOTE
CHAPTER 3: Structures and Economics
JURISDICTION OF ASSET MANAGERS
REGULATION OF ASSET MANAGERS
STRUCTURES OF MANAGEMENT VEHICLES
MANAGEMENT COMPANY ECONOMICS
, COSTS OF RUNNING A MANAGEMENT COMPANY
INTERNAL TEAM ECONOMICS
DOES SIZE MATTER?
SOME CONCLUSIONS
ENDNOTES
CHAPTER 4: Governance
REGULATORY BACKGROUND
BOARDS AND COMMITTEES
GOVERNANCE TRENDS
THE RISE OF ESG
IMPACT FUNDS
SOME CONCLUSIONS
ENDNOTES
CHAPTER 5: Investment Strategies
PUBLIC EQUITIES
BONDS OR CREDIT
ASSET-BACKED SECURITIES, COLLATERALISED LOAN
OBLIGATIONS AND COLLATERALISED DEBT OBLIGATIONS
REAL ESTATE AND INFRASTRUCTURE
OTHER HARD ASSETS
PRIVATE EQUITY
VENTURE CAPITAL
HEDGE FUND STRATEGIES
OTHER STRATEGIES
HOT TOPICS
SOME CONCLUSIONS
ENDNOTES
CHAPTER 6: Investors' View of the Industry
SOVEREIGN WEALTH FUNDS
STATE-SPONSORED FUNDS
PENSION FUNDS
, CHARITIES
FAMILY OFFICES
INDIVIDUALS
SOME CONCLUSIONS
ENDNOTES
CHAPTER 7: Asset Allocation and Portfolio Construction
PORTFOLIO CONSTRUCTION
STRATEGIC ASSET ALLOCATION
DIFFERENT APPROACHES TO STRATEGIC ASSET
ALLOCATION
ASSET ALLOCATION CONSIDERATIONS
THE CHALLENGES OF ASSET ALLOCATION OVER TIME
RISK CONSIDERATIONS
RESTRUCTURING A PORTFOLIO
THE FINAL STEPS
SOME CONCLUSIONS
ENDNOTES
CHAPTER 8: Technology
THE USE OF TECHNOLOGY
FUTURE ADVANCES
ADOPTING TECHNOLOGICAL ADVANCEMENTS
CYBERSECURITY
SOCIAL MEDIA
COMPETING WITH SOCIAL MEDIA AND TECHNOLOGY
GIANTS
MARKET DISRUPTION
SOME CONCLUSIONS
ENDNOTES
CHAPTER 9: Regulation in the Asset Management Industry
UK REGULATORY ENVIRONMENT
US REGULATORY ENVIRONMENT
