04217nam 22005535 450 991029963090332120200630043035.03-319-90245-810.1007/978-3-319-90245-6(CKB)4100000005323088(DE-He213)978-3-319-90245-6(MiAaPQ)EBC5479042(EXLCZ)99410000000532308820180728d2018 u| 0engurnn|008mamaatxtrdacontentcrdamediacrrdacarrierAdvances in the Practice of Public Investment Management Portfolio Modelling, Performance Attribution and Governance /edited by Narayan Bulusu, Joachim Coche, Alejandro Reveiz, Francisco Rivadeneyra, Vahe Sahakyan, Ghislain Yanou1st ed. 2018.Cham :Springer International Publishing :Imprint: Palgrave Macmillan,2018.1 online resource (XXVIII, 394 p. 80 illus., 6 illus. in color.) 3-319-90244-X Part I Foreign Reserves Management Strategies: Implementation, Performance and Governance -- 1. Hedging Potential Liabilities of Foreign Reserves Through Asset Allocation -- 2. Setting the Appropriate Mix Between Active and Passive Management in the Investment Tranche of a Foreign Reserves Portfolio -- 3. A New Fixed-Income Fund Performance Attribution Model: An Application to ECB Reserve Management -- 4. Sovereign Wealth Fund Investment Performance, Strategic Asset Allocation, and Funding Withdrawal Rules -- Part II Asset Allocation and Interest Rate & Credit Risk Environment -- 5. A Macro-Based Process for Actively Managing Sovereign Bond Exposures -- 6. Carry on? -- 7. Short-Term Drivers of Sovereign CDS Spreads -- 8. Long-Term Expected Credit Spreads and Excess Returns -- Part III Portfolio Construction -- 9. Regime Identification for Sovereign Bond Portfolio Construction -- 10. Benchmark-Relative and Absolute-Return Are the Same Thing: Conditions Apply -- 11. Factors and Sectors in Asset Allocation: Stronger Together? -- Part IV Asset Classes for Public Investors -- 12. The Impact of Benchmark Investing by Institutional Investors on International Capital Allocations -- 13. Equity Markets Integration and Active Portfolio Management -- 14. Government Bond Clienteles and Yields.This book covers the latest advances in the theory and practice of public investment management. It includes the most up-to-date developments in the implementation of public asset management – including multiple contributions on portfolio allocation in varying interest-rate and credit-risk environments. Other highlights include implementation, performance attribution and governance issues surrounding reserves management, portfolio construction techniques appropriate for public investors and an in-depth discussion of the challenges to achieving international diversification.Investment bankingSecuritiesPersonal financePension plansInvestments and Securitieshttps://scigraph.springernature.com/ontologies/product-market-codes/626020Personal Finance/Wealth Management/Pension Planninghttps://scigraph.springernature.com/ontologies/product-market-codes/622000Investment banking.Securities.Personal finance.Pension plans.Investments and Securities.Personal Finance/Wealth Management/Pension Planning.346.0652Bulusu Narayanedthttp://id.loc.gov/vocabulary/relators/edtCoche Joachimedthttp://id.loc.gov/vocabulary/relators/edtReveiz Alejandroedthttp://id.loc.gov/vocabulary/relators/edtRivadeneyra Franciscoedthttp://id.loc.gov/vocabulary/relators/edtSahakyan Vaheedthttp://id.loc.gov/vocabulary/relators/edtYanou Ghislainedthttp://id.loc.gov/vocabulary/relators/edtBOOK9910299630903321Advances in the practice of public investment management1544951UNINA