Outperform: Inside the Investment Strategy of Billion Dollar Endowments - Hardcover

Baschab, John; Piot, Jon C.

Hardcover

ISBN 10: 0470442131 ISBN 13: 9780470442135

Verlag: John Wiley & Sons Ltd, 2010

Inhaltsangabe

"University endowment managers have generally outperformed themarket benchmarks. However, their knowledge has not been welldocumented in any book. This book fills that gap and should be ofsignificant help to all those who want to learn from extensiveinterviews with a number of endowment managers."-PREMJAIN, McDonough Professor of Accounting and Finance, GeorgetownUniversity Learn how higher education's largest endowments consistentlyachieve higher investment returns than the overall market.The Chief Investment Officers who oversee the top academicendowment funds manage over $400 billion in total assets. Over thelast ten years (1999-2009), large endowments returned anaverage of 6.1%, compared to the S&P 500 index average of-2.22%, an outperformance difference of over 8%. With therecent sharp economic downturn, and a decade of inflation-adjustedflat returns in the overall equities market, institutional andindividual investors alike are looking to endowments for provenstrategies for improving the performance of their portfolios.Outperform: Inside the Investment Strategy of Billion DollarEndowments interviews top CIOs from leading endowments, todetail how they consistently outperform the market, what theypredict for the coming years, and how small investors can employtheir investment philosophies.

Über diesen Titel

Über die Autorin bzw. den Autor

JOHN BASCHAB is Senior Vice President at Technisource, aleading business services company and a division of SFN Group. Hewas a cofounder and president of consulting services at ImpactInnovations Group before successfully selling the company toTechnisource in 2005. After receiving his MBA with honors from theUniversity of Chicago Booth School of Business, Baschab worked as atechnology consultant to Fortune 500 companies in the Chicagooffice of management consultancy Booz & Company. He began hiscareer at AT&T following graduation from the University ofAlabama. John is an adjunct professor at Southern MethodistUniversity. JON PIOT received a bachelor of science from SouthernMethodist University and an MBA from Harvard Business School. Hebegan his career at Andersen Consulting (now Accenture) andprovided consulting services to Fortune 500 companies at managementconsultancy Booz-Allen Hamilton. As co-founder and CEO of ImpactInnovations Group, Jon led the sale of Impact Innovations toTechnisource in 2005 and was part of the executive team responsiblefor the sale of Technisource to Spherion Corp. He is currently themanaging partner at Redpoint Capital, a private equity investmentgroup, and an adjunct professor at Southern MethodistUniversity.

Aus dem Klappentext

Even if you've read almost every investment book there is, you'venever read anything likeOutperform: Inside the InvestmentStrategy of Billion Dollar Endowments.

In Outperform, authors John Baschab and Jon Piot havewritten an approachable, pragmatic guide for individual investorswho want to understand the proven investment strategies of largeacademic endowments and enhance the performance of theirportfolios. It provides a unique look into the world of endowmentinvesting through extensive and exclusive interviews with currentand former Chief Investment Officers of leading endowments at bothpublic and private universities such as the Ohio StateUniversity, University of Texas, Cornell University, and EmoryUniversity that have a total of over $125 billion in assetsunder management.

Divided into three informative parts, the book:

• Reveals the relatively unknown techniques, strategies,organization, and philosophy of academic endowments

• Defines the specific practices and tools used by top endowmentsin making investment decisions, including asset allocation, managerevaluation, and alternative investment selection

• Highlights key differences between individual and institutionalinvestors that dictate different approaches in investmentphilosophy

Outperform: Inside the Investment Strategy of Billion DollarEndowments not only provides investors with invaluable insightfrom the endowment world's elite money managers, but also detailshow they consistently beat the market, all while translating theirstrategies into advice that will benefit the individualinvestor.

Details zur Ausgabe

• Verlag: John Wiley & Sons Ltd
• Erscheinungsdatum: 2010
• ISBN 10: 0470442131
• ISBN 13: 9780470442135
• Einband: Tapa dura
• Sprache: Englisch
• Anzahl der Seiten: 336
• Kontakt zum Hersteller: Nicht verfügbar