Trustee Investment Strategy for Endowments and Foundations

Regular price €62.99
Title
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accountable
agents
assets
Author_Chris Russell
between
Category=KFFM
endowment
eq_bestseller
eq_business-finance-law
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eq_nobargain
eq_non-fiction
financial
foundation
gap
growing
increasingly
invariably
investment
litigious
mission
professionals
responsible
sophisticated
stewardship
trustees
world

Product details

  • ISBN 9780470011966
  • Weight: 624g
  • Dimensions: 177 x 250mm
  • Publication Date: 16 Jun 2006
  • Publisher: John Wiley & Sons Inc
  • Publication City/Country: US
  • Product Form: Hardback
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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 US
  • Aimed at professional trustees
  • An holistic approach to strategy
  • Avoidance of jargon and mathematics
  • Focus on principles underlying asset strategy
Over a period of more than twenty years Chris Russell managed money for some of the largest Endowments, Foundations and Pension Plan sponsors in the US, the UK and Asia. Currently he is a director of the management company of a 600 year old not-for-profit Foundation in the City of London. He is an associate of the macro economic and asset strategy research boutique, GaveKal, and a non-executive director of one of the largest dedicated pensions investment management companies in the UK and of a number of closed and open ended investment companies. These include listed companies on the New York and London Stock Exchanges investing in European and Asian public and private equity and unlisted companies involved in hedge fund strategies. He is a Fellow of the Institute of Chartered Accountants in England and Wales, a Fellow of the UK Society of Investment Professionals and a Fellow of the Royal Society for the encouragement of Arts, Manufactures and Commerce.