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Informationen zum Autor Wayne H. Wagner is the founding and lead principal of OMNI and a founding principal of Wilshire Associates. He is known for his pioneering work in designing balancing algorithms for the world's first operational index fund, and later developed methods to deal with the hidden delay and opportunity costs of trading. Wagner has authored, coauthored, or edited many books and articles, and is a frequent writer and speaker on investment management and fiduciary duties. He holds two Graham and Dodd Awards from the Financial Analysts Journal for excellence in financial writing. Ralph A. Rieves is the managing director of Farragut Jones & Lawrence. He was the first editorial director of the Dow Jones-Irwin imprint and was one of the founding editors of the Journal of Investment Consulting . He is a recipient of the book industry's Bowker LMP Award for editorial achievement. Klappentext Timely insights on investment managementThis comprehensive guide will help investment managers, fiduciaries, trustees, and regulators face the difficult challenge of funding the retirements of millions of workers and meeting the capital formation needs of businesses at once. The famous contributors to Investment Management describe the theories and practices that endure and challenge investment professionals to reexamine their assumptions, face reality, and focus on their clients. The contributors include top names from investment management companies, consulting firms, professional associations, and academia.Ralph A. Rieves (Colorado Springs, CO) is the Managing Director of Farragut, Jones and Lawrence. Wayne H. Wagner (Venice, CA) is the lead principle of OMNI, and a founding principle of Wilshire Associates. Zusammenfassung Timely insights on investment management This comprehensive guide will help investment managers, fiduciaries, trustees, and regulators face the difficult challenge of funding the retirements of millions of workers and meeting the capital formation needs of businesses at once. Inhaltsverzeichnis Foreword. Preface. Acknowledgments. Editorial Advisory Board. Introduction: A Sea of Changes and Waves of Opportunity ( Jacqueline Charnley and Christine Røstvold ). The 2008-2009 credit crisis roiled the already-turbulent environment in which asset managers confronted their stewardship challenges. The authors cite seven major elements of the "pre-crisis" turbulence, and remind readers of Darwin's dictum of survival. Proactive relationships with all the players are the key. PART ONE: The Challenges of Changes and Crises. Chapter 1 The Discontinuity Challenge ( Wayne H. Wagner ). The twists and tangles of the 2008-2009 credit crunch will long be remembered. This chapter does not address that specific discontinuity, but discusses discontinuities in general. From a longer time perspective, we see that these discontinuities occur frequently, suggesting that in addition to applying our experience and running our models in "normal" times, we need to prepare to face the inevitable discontinuity environments. This is the first chapter of several in which we reflect on Taleb's Black Swan. Chapter 2 The Sub-Prime Crisis as a "Predictable Surprise" Strategic Lessons to Be Learned ( Keith Ambachtsheer ). The fallout from the events of 2008-2009 has engendered several million words of criticism, constructive and otherwise. Yet, very little relevant appraisal has come from the investment management industry. An enduring champion of pension reform describes the collective actions that can be effectively marshaled when confronted with another threat of asset erosion. Why, in this care , Bazerman and Watkins are more relevant than Taleb. Chapter 3 The Solidarity Challenge ( David G. Tittsworth, Esq.<...
