05636nam 2200697Ia 450 991078997010332120230801221938.01-280-59003-397866136198601-118-19917-0(CKB)2670000000159947(EBL)817757(OCoLC)779408794(SSID)ssj0000612410(PQKBManifestationID)11414389(PQKBTitleCode)TC0000612410(PQKBWorkID)10570246(PQKB)10203368(MiAaPQ)EBC817757(Au-PeEL)EBL817757(CaPaEBR)ebr10538606(CaONFJC)MIL361986(OCoLC)787845451(EXLCZ)99267000000015994720110826d2012 uy 0engurcn|||||||||txtccrNonprofit asset management[electronic resource] effective investment strategies and oversight /Matthew R. Rice, Robert A. DiMeo, Matthew P. PorterHoboken, NJ Wileyc20121 online resource (240 p.)Wiley nonprofit authority ;3Description based upon print version of record.1-118-00452-3 Includes bibliographical references (p. 206-207) and index.Nonprofit Asset Management: Effective Investment Strategies and Oversight; Contents; Preface; Acknowledgments; CHAPTER 1 The Three Levers and the Investment Policy; The Three Levers; Investment Policy Statement; Statement of Purpose; Statement of Objectives; Liquidity Constraints; Unique Constraints or Priorities; Investment Strategy; Duties and Responsibilities; Investment Manager Evaluation; Conclusion; CHAPTER 2 Asset Allocation; Modern Portfolio Theory; Capital Market Assumptions: The Building Blocks of Portfolio Construction; Shortcomings of Modern Portfolio TheoryProbabilistic Optimization Models-The Frontier Engineer TMIn the Long Run . . .; Strategic, Tactical, and Integrated Asset Allocation Steering Mechanisms; The Low Volatility Tailwind; Tail Risk Hedging; Counterparty Risk; Portfolio Rebalancing; Conclusion; Notes; CHAPTER 3 Traditional Global Financial Asset Classes; Global Fixed-Income Asset Classes; Global Equity Asset Classes; Conclusion; Notes; CHAPTER 4 Traditional Asset Class Manager Selection; Manager Search and Selection; Investment Vehicles; Active versus Passive Management; When to Terminate a Manager; Conclusion; CHAPTER 5 Hedge FundsThe Evolution of Hedge Funds Modern Hedge Fund Strategies; Why Invest in Hedge Funds?; Alpha-Beta Framework, Hedge Funds, and Fees; Hedge Fund Indices and Benchmarks; Hedge Fund Terms and Structures; Fund of Hedge Funds versus Direct Investment; Hedge Fund Investment Due Diligence; Hedge Fund Operational Due Diligence; Hedge Funds in the Post-2008 World; Conclusion; Notes; CHAPTER 6 Private Equity; Private Equity Investment Strategies; Why Invest in Private Equity?; Structure and Terms; Private Equity Risks; Direct Private Equity versus Private Equity Fund of FundsSelecting Private Equity Managers Benchmarks; Conclusion; Notes; CHAPTER 7 Real Assets; Commodities; Equity Real Estate Investment Trusts and Private Real Estate; Farmland; Energy Infrastructure Master Limited Partnerships; Broad Infrastructure Investing; Timberland; Gold; Other Investible Real Asset Categories; Conclusion; Note; CHAPTER 8 Performance Measurement and Evaluation; Why Monitor Performance?; Performance Calculations; Benchmarks; Market Index Basics; Investment Style; Major Market Indices; Determining the Right Index; Peer Group UniversesModern Portfolio Theory Performance Metrics Style Analysis; Portfolio Analysis; Performance Reporting; Conclusion; CHAPTER 9 Structuring an Effective Investment Committee; Procedures; Committee Structure; Committee Makeup; When an Investment Committee Needs Outside Help; Effective Use of the Consultant; Conclusion; CHAPTER 10 Outsourced Chief Investment Officer Services; Overview; Why Outsource?; Outsourced Services; What Is Done in Conjunction with the Committee?; Potential Benefits; Finding a Firm; Characteristics; The RFP; Interviewing Finalists; Fees; The Contract; Reporting; ConclusionCHAPTER 11 Environmental, Social, and Corporate Governance-Focused InvestingAn authoritative guide for effective investment management and oversight of endowments, foundations and other nonprofit investors Nonprofit Asset Management is a timely guide for managing endowment, foundation, and other nonprofit assets. Taking you through each phase of the process to create an elegant and simple framework for the prudent oversight of assets, this book covers setting investment objectives; investment policy; asset allocation strategies; investment manager selection; alternative asset classes; and how to establish an effective oversight system to ensure the proWiley Nonprofit AuthorityNonprofit organizationsFinanceNonprofit organizationsManagementNonprofit organizationsFinance.Nonprofit organizationsManagement.658.15/2BUS074000bisacshRice Matthew1974-1566188DiMeo Robert A1566189Porter Matthew1971-1566190MiAaPQMiAaPQMiAaPQBOOK9910789970103321Nonprofit asset management3836564UNINA