Brian Singer – Investment Leadership & Portfolio Management

An trade chief candidly examines the function of funding management in portfolio administration

Investment Leadership & Portfolio Management gives a prime down evaluation of profitable methods, buildings, and actions that create an surroundings that results in robust macro funding efficiency and rewarding investor outcomes. By analyzing how you can handle and lead an funding agency via profitable funding decision-making processes and actions, this guide reveals what it can take to achieve a radically modified funding panorama. From agency governance and agency structure-for single functionality, multi-capability, and funding and product firms-to tradition, technique, imaginative and prescient, and execution, authors Brian Singer, Barry Mandinach, and Greg Fedorinchik contact upon key matters together with the variations between main and managing; funding philosophy, course of, and portfolio building; communication and transparency; and ethics and integrity.

• Leadership points in funding companies are a critical concern, and this guide addresses these issues
• Details the robust correlation between excellence in funding management and excellence in portfolio administration
• Written by a bunch of skilled professionals within the discipline, together with the Chairman of the CFA Institute Board of Governors

Understanding how you can function in in the present day’s dynamic funding surroundings is important.Investment Leadership & Portfolio Management accommodates the insights and knowledge wanted to make important strides on this dynamic enviornment.

From the Inside Flap

The new breed of funding skilled is aware of that there’s a robust correlation between excellence in funding management and excellence in portfolio administration—and on this guide, a bunch of skilled funding trade specialists places this paradigm in perspective.

Investment Leadership and Portfolio Management gives a top-down evaluation of profitable methods, buildings, and actions that create an surroundings for producing robust funding efficiency and, most significantly, delivering rewarding investor outcomes. By analyzing how you can handle and lead an funding agency via profitable funding decision-making processes, this dependable useful resource reveals what it takes to excel in a radically modified funding surroundings. Additionally, it consists of informative case research of the strategy in motion, so you may see the actual purposes of the concepts addressed all through these pages.

From agency governance and construction for funding and product companies to tradition, technique, imaginative and prescient, and execution, authors Brian Singer—Chairman of the CFA Institute Board of Governors—and Greg Fedorinchik contact upon urgent points, together with the variations between main and managing; funding philosophy, course of, and portfolio building; communication and transparency; and ethics and integrity. Along the best way, you’ll additionally develop into aware of:

• The function of behavioral biases and market conduct evaluation within the funding decision-making course of
• The acceptable incentive buildings and payment fashions for asset administration companies
• The sensible issues required for residing organizational values, setting objectives, and measuring organizational success
• The particulars concerned in creating a merito-cratic funding course of that rewards indivi-dual contributions
• And way more

There isn’t any one-size-fits-all strategy to main a various group of clever people and the companies they characterize. However, there are just a few finest practices and guidelines that may make the duty a extra manageable one. With the concepts articulated in Investment Leadership and Portfolio Management, you’ll achieve a greater understanding of how you can successfully function inside in the present day’s aggressive funding trade and obtain a major degree of success.

From the Back Cover

Praise for Investment Leadership and Portfolio Management

“This short book packs a lot of wisdom about portfolio management. It demonstrates the importance of firm culture and longer time horizons to successful investing, while putting forward a truly creative approach to performance fees.”—Bob Pozen, Chairman, MFS Investment Management

“Singer and Fedorinchik have added an important book to the library of investment leaders. They drill deep into the question of product-driven vs. investment-driven firms, covering important foundational topics like vision, mission, culture, compensation, and fee structures. When serious practitioners like these three take the time to write about best practices, the result is a book that rings true. Full of practical ideas that are supported by a deep understanding of the underlying financial theories and lots of real-world, front-line experience. A must-read for all investment professionals who are committed to ‘getting it right’ in this post-crisis environment.”—James Ware, CFA, creator of High Performing Investment Teams, founding father of Focus Consulting Group

“In an exceptional and decidedly unique style, Investment Leadership and Portfolio Management deserves special attention from any investor. The authors weave a wonderful mosaic of the investment management landscape that is both different from other investment books and compelling in its focus on the truly relevant issues. The case studies and references to actual experiences make this book an enjoyable read and, equally important, provide long-sought attention to the factors that really matter in the quest for investment performance.”—Gary P. Brinson, President, GP Brinson Investments

“Singer and Fedorinchik have laid out a clear vision of the modern, post-crisis asset management firm in which the interests of the investment professionals, the firm and the end client are fully aligned. This book combines decades of practical experience with original insights from portfolio and behavior theory, in equal measures of wit and wisdom.”—Donald M. Raymond, PhD, CFA, Senior Vice President, Public Market Investments, Canada Pension Plan Investment Board