Multi Asset Class Investment Strategy

Beschreibung

The multi asset class Yale Model has long been hailed in the US as representing the very best that portfolio theory has to offer, placing Yale consistently in the top percentile for investment performance. Yet it has not been widely adopted, and outside the US remains largely unrecognised. Multi Asset Class Investment Strategy shows how unthinking mistrust of so-called 'alternative' assets, and an inability validly to compare results across asset classes on any traditional risk-adjusted basis, has led to institutional investors, particularly pension funds, missing out on the out-performance which a multi asset class approach can offer. Guy Fraser-Sampson demonstrates how the returns of different assets classes (hedge funds, private equity, property, etc) may validly be compared with those of quoted equity markets. He argues for an adoption of MAC investing (his own multi asset class investment model), and demonstrates how this can improve investment performance across a range of portfolios. He gives guidance on each asset class, including historic performance figures (many of which have not previously been publicly available). The book also offers the author's own unique approach to many issues for institutional investors, including risk, liquidity and Total Funding.
The multi asset class Yale Model has long been hailed in the US as representing the very best that portfolio theory has to offer, placing Yale consistently in the top percentile for investment performance. Yet it has not been widely adopted, and outside the US remains largely unrecognised. Multi Asset Class Investment Strategy shows how unthinking mistrust of so-called 'alternative' assets, and an inability validly to compare results across asset classes on any traditional risk-adjusted basis, has led to institutional investors, particularly pension funds, missing out on the out-performance which a multi asset class approach can offer. Guy Fraser-Sampson demonstrates how the returns of different assets classes (hedge funds, private equity, property, etc) may validly be compared with those of quoted equity markets. He argues for an adoption of MAC investing (his own multi asset class investment model), and demonstrates how this can improve investment performance across a range of portfolios. He gives guidance on each asset class, including historic performance figures (many of which have not previously been publicly available). The book also offers the author's own unique approach to many issues for institutional investors, including risk, liquidity and Total Funding.

Autor*in

Guy Fraser-Sampson

Themen in »Multi Asset Class Investment Strategy«

Finance & Investments Finanz- u. Anlagewesen Investments & Securities Kapitalanlage Kapitalanlagen u. Wertpapiere

Stimmen zu »Multi Asset Class Investment Strategy«

".pension fund trustees right around the globe should read the book. is certain to stir up some much needed debate." (Global Pensions, July 2006) ".an indispensable roadmap for anyone looking to create a successful investment programme." (The Securities Investment Review, July 2006) ".a popular choice.drawing on over 20 years of experience." (Pensions Management, July 2006) "clear and punchy.argues convincingly.this book cannot but help to clarify your thinking." (Benefits and Compensation International, August 2006) "On the other side of the fence.Guy Fraser-Sampson.the lack of interest in the Yale model." (Financial Times, November 2006)
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".pension fund trustees right around the globe should read the book.the book is certain to stir up some much needed debate." (Global Pensions, July 2006) ".an indispensable roadmap for anyone looking to create a successful investment programme." (The Securities Investment Review, July 2006) ".a popular choice.drawing on over 20 years of experience." (Pensions Management, July 2006) "clear and punchy.argues convincingly.this book cannot but help to clarify your thinking." (Benefits and Compensation International, August 2006) "On the other side of the fence.Guy Fraser-Sampson.the lack of interest in the Yale model." (Financial Times, November 2006)
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".Das Buch greift erstmalig das Thema Multi-Asset-Class-Investment auf und eignet sich sehr gut für Investoren und Praktiker, die einen Einstieg in dieses Thema suchen." (Absolutreport, Nr.39 - 08/2007) "Das Buch "Multi Asset Class Investment Strategy" von Guy Fraser-Sampson aus der Reihe Wiley Finance Series, erschienen bei John Wiley & Sons, gibt einen Einblick in das "Multi Asset Class"-Modell der Yale-Universität. Die Universität verfolgte bereits sehr früh den Einsatz von alternativen Anlageklassen, um eine große Streuung des Portfolios zu erzielen und sich die Möglichkeit zu eröffnen, unabhängig von den Bewegungen der Aktien- und Anleihmärkte stabile Renditen einzufahren." (Institutional Money, 01.06.07)
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