Asset Management and Institutional Investors

  • Ignazio Basile
  • Pierpaolo Ferrari

Table of contents

  1. Front Matter
    Pages i-xiii
  2. Institutional Investors: Typologies, Roles and Products

    1. Front Matter
      Pages 1-1
    2. Ignazio Basile
      Pages 3-30
  3. Investment Management Policy

    1. Front Matter
      Pages 77-77
    2. Pierpaolo Ferrari
      Pages 79-96
    3. Maria Debora Braga
      Pages 173-201
  4. Performance Evaluation for Traditional Investment Portfolios

    1. Front Matter
      Pages 215-215
    2. Pierpaolo Ferrari
      Pages 217-275
    3. Maria Debora Braga
      Pages 277-300
    4. Maria Debora Braga
      Pages 301-323
  5. Portfolio Diversification Towards Alternative Asset Classes

    1. Front Matter
      Pages 325-325
    2. Ignazio Basile
      Pages 339-353
    3. Roberto Savona
      Pages 355-371
    4. Guido Abate
      Pages 373-401
    5. Guido Abate
      Pages 403-431
    6. Guido Abate
      Pages 433-451

About this book

Introduction

This book analyses investment management policies for institutional investors. It is composed of four parts. The first one analyses the various types of institutional investors, institutions which, with different objectives, professionally manage portfolios of financial and real assets on behalf of a wide variety of individuals. This part goes on with an in-depth analysis of the economic, technical and regulatory characteristics of the different types of investment funds and of other types of asset management products, which have a high rate of substitutability with investment funds and represent their natural competitors. The second part of the book identifies and investigates the stages of the investment portfolio management. Given the importance of strategic asset allocation in explaining the ex post performance of any type of investment portfolio, this part provides an in-depth analysis of asset allocation methods, illustrating the different theoretical and operational solutions available to institutional investors. The third part describes performance assessment, its breakdown and risk control, with an in-depth examination of performance evaluation techniques, returns-based style analysis approaches, and performance attribution models. Finally, the fourth part deals with the subject of diversification into alternative asset classes, identifying the common characteristics and their possible role within the framework of investment management policies. This part analyses hedge funds, private equity, real estate, commodities, and currency overlay techniques. 

Keywords

Asset Management Institutional Investors Alternative Investments Investment Management Investors

Editors and affiliations

  • Ignazio Basile
    • 1
  • Pierpaolo Ferrari
    • 2
  1. 1.Department of Economics and ManagementUniversity of BresciaBresciaItaly
  2. 2.Department of Economics and ManagementUniversity of BresciaBresciaItaly

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-32796-9
  • Copyright Information Springer International Publishing Switzerland 2016
  • Publisher Name Springer, Cham
  • eBook Packages Economics and Finance
  • Print ISBN 978-3-319-32795-2
  • Online ISBN 978-3-319-32796-9
  • About this book