LEADER 05727nam 2200685 a 450 001 9910143681203321 005 20230721030047.0 010 $a1-119-19675-2 010 $a1-280-97379-X 010 $a9786610973798 010 $a0-470-22579-3 035 $a(CKB)1000000000356946 035 $a(EBL)315198 035 $a(OCoLC)243464378 035 $a(SSID)ssj0000299027 035 $a(PQKBManifestationID)11229229 035 $a(PQKBTitleCode)TC0000299027 035 $a(PQKBWorkID)10237322 035 $a(PQKB)11406407 035 $a(MiAaPQ)EBC315198 035 $a(Au-PeEL)EBL315198 035 $a(CaPaEBR)ebr10295997 035 $a(CaONFJC)MIL97379 035 $a(EXLCZ)991000000000356946 100 $a20080118d2007 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aHow to select investment managers and evaluate performance$b[electronic resource] $ea guide for pension funds, endowments, foundations, and trusts /$fG. Timothy Haight, Stephen Morrell, Glenn E. Ross 210 $aHoboken, N.J. $cWiley$dc2007 215 $a1 online resource (274 p.) 225 1 $aFrank J. Fabozzi Series ;$vv.147 300 $aDescription based upon print version of record. 311 $a0-470-04255-9 320 $aIncludes bibliographical references and index. 327 $aHow to Select Investment Managers and Evaluate Performance; Contents; Preface; Acknowledgments; About the Authors; Chapter 1: Investment Sponsors; The Investment Committee; The Variety of Investment Sponsors; Taxable Investment Sponsors; Summary; Chapter 2: Investment Policy Statement; Investment Philosophy and Goals; Investment Return Objectives; Risk Tolerances; Constaints; Investment Strategy; In-House or Outside Manager; Investment Policy; Securities Types and Risk Characteristics; Asset Allocation Guidelines; Evaluation of Performance; Benchmark Portfolios; Periodic Review; Summary 327 $aChapter 3: Investment OverviewCapital Appreciation Versus Current Income; Active Versus Passive Investment Approaches; Investment Styles-EquIty Managers; InternatIonal InvestIng; Investment Styles-FIxed Income Managers; Summary; Chapter 4: Alternative Investment Vehicles; Hybrid Securities; Derivative Contracts; International Investment Vehicles; Real Estate Investment Vehicles; Investment Vehicles for Accredited Investors; Commodities and Collectibles; Summary; Chapter 5: Return Measures and Reporting Techniques; Dollar-Weighted Rate of Return; Time-Weighted Rate of Return 327 $aAnnualized Rates of ReturnGeometric Mean; Total Return and Its Components; Compound Growth; Summary; Chapter 6: Return-Risk Measurement; Return Relative; Standard Deviation; Portfolio Risk Measure; Scatter Diagram; Coefficient of Variation; Regression Analysis; Portfolio Size and Diversification Levels; Regression Analysis of Fund I; Additional Performance Indexes; Summary; Chapter 7: Portfolio Performance Evaluation; Performance Results; Composite Index; Return-Risk Analysis; Universe Comparison; Evaluating the Asset Allocation Decision; Summary; Chapter 8: Equity Performance Evaluation 327 $aEquity Performance CriteriaSector Analysis; Return-Risk Comparison; Market Characteristics; Attribution Analysis; Summary; Chapter 9: Fixed Income Performance Evaluation; Asset Allocation Ranges and Anticipated Contributions; Issuers of Fixed Income Securities; Bond Indexes; Bond Prices and Yields; Term Structure of Interest Rates; Quality of Fixed Income Securities; Credit Risk; Interest Rate Risk; Duration; Convexity; Maturity Characteristics; Return Analysis; CFA Institute Standards; Fixed Income Management Styles; Passive Fixed Income Management; Active Fixed Income Management 327 $aPerformance AnalysisSummary; Chapter 10: Investment Companies as Investment Vehicles; Investment Companies; Regulation of Investment Companies; Types of Investment Companies; Selecting Mutual Funds; Performance Evaluation; Summary; Chapter 11: Investment Manager Search Process; Search Committee; Establishing Goals; Number of Managers; Candidate Identification; Management and Related Fees; Firm Size and Ownership; Request for Proposals (RFP); Screening of Candidates; Candidates Presentations; Verification and Reference Checking; Cost of Switching; Administration of Change; Summary 327 $aChapter 12: Conducting Investment Committee Meetings 330 $aAn informative guide to selecting and evaluating external investment professionalsThis book-one of the very few of its kind-is an invaluable aid to trustees of pension plans, endowments, and trusts who seek to chart and navigate courses for governing and overseeing the investment of the trillions of dollars under their care. It covers many aspects of this essential endeavor, including return measures, fixed income and duration, manager searches, committee meetings, and much more.G. Timothy Haight (Atherton, CA) is President of Menlo College in Silicon Valley. Stephen O. Morrell 410 0$aFrank J. Fabozzi Series 606 $aInvestment advisors$xSelection and appointment$zUnited States 606 $aInvestment advisors$xRating of$zUnited States 615 0$aInvestment advisors$xSelection and appointment 615 0$aInvestment advisors$xRating of 676 $a332.620973 700 $aHaight$b G. Timothy$0912214 701 $aMorrell$b Stephen Otis$f1949-$0970151 701 $aRoss$b Glenn E$0970152 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910143681203321 996 $aHow to select investment managers and evaluate performance$92205137 997 $aUNINA