LEADER 05636nam 2200697Ia 450 001 9910789970103321 005 20230801221938.0 010 $a1-280-59003-3 010 $a9786613619860 010 $a1-118-19917-0 035 $a(CKB)2670000000159947 035 $a(EBL)817757 035 $a(OCoLC)779408794 035 $a(SSID)ssj0000612410 035 $a(PQKBManifestationID)11414389 035 $a(PQKBTitleCode)TC0000612410 035 $a(PQKBWorkID)10570246 035 $a(PQKB)10203368 035 $a(MiAaPQ)EBC817757 035 $a(Au-PeEL)EBL817757 035 $a(CaPaEBR)ebr10538606 035 $a(CaONFJC)MIL361986 035 $a(OCoLC)787845451 035 $a(EXLCZ)992670000000159947 100 $a20110826d2012 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aNonprofit asset management$b[electronic resource] $eeffective investment strategies and oversight /$fMatthew R. Rice, Robert A. DiMeo, Matthew P. Porter 210 $aHoboken, NJ $cWiley$dc2012 215 $a1 online resource (240 p.) 225 0 $aWiley nonprofit authority ;$v3 300 $aDescription based upon print version of record. 311 $a1-118-00452-3 320 $aIncludes bibliographical references (p. 206-207) and index. 327 $aNonprofit 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 Theory 327 $aProbabilistic 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 Funds 327 $aThe 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 Funds 327 $aSelecting 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 Universes 327 $aModern 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; Conclusion 327 $aCHAPTER 11 Environmental, Social, and Corporate Governance-Focused Investing 330 $aAn authoritative guide for effective investment management and oversight of endowments, foundations and other nonprofit investors Nonprofit Asset Management is a timely guide for managing endowment, foundation, and other nonprofit assets. Taking you through each phase of the process to create an elegant and simple framework for the prudent oversight of assets, this book covers setting investment objectives; investment policy; asset allocation strategies; investment manager selection; alternative asset classes; and how to establish an effective oversight system to ensure the pro 410 0$aWiley Nonprofit Authority 606 $aNonprofit organizations$xFinance 606 $aNonprofit organizations$xManagement 615 0$aNonprofit organizations$xFinance. 615 0$aNonprofit organizations$xManagement. 676 $a658.15/2 686 $aBUS074000$2bisacsh 700 $aRice$b Matthew$f1974-$01566188 701 $aDiMeo$b Robert A$01566189 701 $aPorter$b Matthew$f1971-$01566190 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910789970103321 996 $aNonprofit asset management$93836564 997 $aUNINA