Trustees are responsible for the stewardship of assets and for
implementing the mission of their endowment or foundation. Almost
invariably trustees delegate the management of those assets to
agents who are investment professionals.
In this increasingly sophisticated and litigious financial world
there can be a growing gap of comprehension, exacerbated by
mathematics and jargon, between trustees who are responsible and
agents who are accountable.
This book aims to fill that gap. The book draws on the author's
own experience and research and that of generations of investment
professionals and academics to explain the fundamentals of
investment strategy.
Key features are therefore: Foreword by George Keane (founder
and former president of Commonfund, won the first ever Lifetime
Achievement Award from Foundation & Endowment Money Management)
one of the icons of endowment fund management in the USAimed at
professional trusteesAn holistic approach to strategyAvoidance of
jargon and mathematicsFocus on principles underlying asset
strategy
General
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