Book description
Praise for Investment Management
"A compelling analysis of the challenges of investment
management, and why investment management firms require innovation to
succeed."
-Blake Grossman, CEO, Barclays Global Investors
"Great investment managers understand that positioning
portfolios for clients should not be an act of conformity, but rather
a constant journey of shifting fundamentals and opinion. Wayne and
Ralph bring this fact to life by addressing some of the key challenges
to serious investment thinking, using top-level researchers in their
respective fields. For those investment managers and clients who want
to go beyond the ordinary."
-Jeff Diermeier, former CEO of
CFA Institute and retired CIO of UBS Global Asset Management
"The essays in this book provide an invaluable reference point
of serious readings for money managers. The works provide the analyst
with the most recent scholarship in a single book, presenting ideas
and philosophy that will lead me back to its various sections time and
time again."
-Kenneth S. Hackel, CFA, President, CT Capital LLC
"The crash of 2007-2009 brought a harsh conclusion to a quarter
of a century of unprecedented growth and prosperity for the investment
management industry, which faces no less a task than reinventing
itself. Rieves' and Wagner's contribution to the way forward couldn't
be timelier."
-Richard Ennis, Principal, Ennis Knupp + Associates
"This book uniformly focuses on the best practices to which
investment management professionals should commit. I highly recommend
this book to investment managers, sales people, and trustees of
pensions, endowments, trusts, and mutual funds."
-Jack Clark
Francis, PhD, Professor of Economics and Finance, Bernard Baruch
College
Wayne H. Wagner is the founding and lead principal
of OMNI and a founding principal of Wilshire Associates. He is known
for his pioneering work in designing balancing algorithms for the
world's first operational index fund, and later developed methods to
deal with the hidden delay and opportunity costs of trading. Wagner
has authored, coauthored, or edited many books and articles, and is a
frequent writer and speaker on investment management and fiduciary
duties. He holds two Graham and Dodd Awards from the Financial
Analysts Journal for excellence in financial writing.
Ralph A. Rieves is the managing director of Farragut Jones
& Lawrence. He was the first editorial director of the Dow
Jones-Irwin imprint and was one of the founding editors of the
Journal of Investment Consulting. He is a recipient of the
book industry's Bowker LMP Award for editorial achievement.
