{"product_id":"the-handbook-for-investment-committee-members-isbn-9780471719786","title":"The Handbook for Investment Committee Members","description":"Comprehensive coverage of what it takes to be a responsible member of an investment committee\u003cbr\u003e \u003cbr\u003e In a clear, organized, and easy-to-understand manner, this handbook explains the responsibilities and expectations of investment committee fiduciaries for pension funds, endowment funds, and foundations. Emphasizing all the do's and don'ts to follow for prudent investment management, this invaluable resource covers topics ranging from investment policy, asset allocation, and risk assessment to understanding information presented at committee meetings, asking meaningful and productive questions, and voting on recommendations knowledgeably. This book will empower readers with all the knowledge they need to feel confident in the investment decisions they make for their organizations  Acknowledgments.  \u003cp\u003eIntroduction.\u003c\/p\u003e \u003cp\u003eOrganization of this Book.\u003c\/p\u003e \u003cp\u003eCHAPTER 1: The Investment Committee.\u003c\/p\u003e \u003cp\u003eStandards to Meet.\u003c\/p\u003e \u003cp\u003eCommittee Organization and Functions.\u003c\/p\u003e \u003cp\u003eInteraction of Committee and Adviser.\u003c\/p\u003e \u003cp\u003eSocial Investing.\u003c\/p\u003e \u003cp\u003eIn Short.\u003c\/p\u003e \u003cp\u003eAPPENDIX 1: Example of an Investment Committee’s Operating Policies.\u003c\/p\u003e \u003cp\u003eCHAPTER 2: Risk, Return, and Correlation.\u003c\/p\u003e \u003cp\u003eReturn.\u003c\/p\u003e \u003cp\u003eRisk.\u003c\/p\u003e \u003cp\u003eCorrelation.\u003c\/p\u003e \u003cp\u003eRisk-Adjusted Returns.\u003c\/p\u003e \u003cp\u003eDerivatives—A Boon or a Different Four-Letter Word?\u003c\/p\u003e \u003cp\u003eIn Short.\u003c\/p\u003e \u003cp\u003eCHAPTER 3: Setting Investment Policies.\u003c\/p\u003e \u003cp\u003eTime Horizon, Risk, and Return.\u003c\/p\u003e \u003cp\u003ePolicy Asset Allocation.\u003c\/p\u003e \u003cp\u003ePreparing a Statement of Investment Policies.\u003c\/p\u003e \u003cp\u003eIn Short.\u003c\/p\u003e \u003cp\u003eCHAPTER 4: Asset Allocation.\u003c\/p\u003e \u003cp\u003eCharacteristics of an Asset Class.\u003c\/p\u003e \u003cp\u003eAsset Classes.\u003c\/p\u003e \u003cp\u003ePutting It All Together.\u003c\/p\u003e \u003cp\u003eIn Short.\u003c\/p\u003e \u003cp\u003eCHAPTER 5: Alternative Asset Classes.\u003c\/p\u003e \u003cp\u003eLiquid Alternative Assets.\u003c\/p\u003e \u003cp\u003eIlliquid Investments.\u003c\/p\u003e \u003cp\u003ePrivate Asset Classes.\u003c\/p\u003e \u003cp\u003eIn Short.\u003c\/p\u003e \u003cp\u003eCHAPTER 6: Selecting and Monitoring Investment Managers.\u003c\/p\u003e \u003cp\u003eThree Basic Approaches.\u003c\/p\u003e \u003cp\u003eCriteria for Hiring and Retaining Managers.\u003c\/p\u003e \u003cp\u003eHiring Managers.\u003c\/p\u003e \u003cp\u003eRetaining Managers.\u003c\/p\u003e \u003cp\u003eIn Short.\u003c\/p\u003e \u003cp\u003eCHAPTER 7: The Custodian.\u003c\/p\u003e \u003cp\u003eCustodial Reporting.\u003c\/p\u003e \u003cp\u003eManagement Information.\u003c\/p\u003e \u003cp\u003eIn Short.\u003c\/p\u003e \u003cp\u003eCHAPTER 8: Evaluating an Investment Fund’s Organization.\u003c\/p\u003e \u003cp\u003eInvestment Objectives.\u003c\/p\u003e \u003cp\u003eAsset Allocation.\u003c\/p\u003e \u003cp\u003eThe Fiduciary Committee.\u003c\/p\u003e \u003cp\u003eThe \u003ci\u003eAdviser.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eInvestment Managers.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eCHAPTER 9: Structure of an Endowment Fund.\u003c\/p\u003e \u003cp\u003eThe Total Return, or Imputed Income, Approach.\u003c\/p\u003e \u003cp\u003e“Owners” of the Endowment Fund.\u003c\/p\u003e \u003cp\u003eIn Short.\u003c\/p\u003e \u003cp\u003eAPPENDIX 9: The Total Return or Imputed Income Method.\u003c\/p\u003e \u003cp\u003eCHAPTER 10: What’s Different about Pension Funds?\u003c\/p\u003e \u003cp\u003ePension Plan Liabilities.\u003c\/p\u003e \u003cp\u003eInvestment Implications.\u003c\/p\u003e \u003cp\u003eIn Short.\u003c\/p\u003e \u003cp\u003eCHAPTER 11: Once Again.\u003c\/p\u003e \u003cp\u003eGlossary.\u003c\/p\u003e \u003cp\u003eBibliography.\u003c\/p\u003e \u003cp\u003eIndex.\u003c\/p\u003e \u003cp\u003eAbout the Author.\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eRUSSELL L. OLSON,\u003c\/b\u003e a consultant on institutional investing, retired in 2000 as the director of pension investments worldwide for Eastman Kodak. He had overseen Kodak's pension funds since 1972. Over the last thirty years, Olson also worked with a range of endowment funds. He was named one of America's nine best pension officers by\u003ci\u003e Institutional Investor\u003c\/i\u003e magazine in 1987 and was Investment Management Institute's first Plan Sponsor of the Year in 1993. Olson is also the author of \u003ci\u003eThe Independent Fiduciary: Investing for Pension Funds and Endowment Funds,\u003c\/i\u003e also published by Wiley.   \u003c\/p\u003e\u003cp\u003eWhether you're a member of the investment committee of an endowment fund—for a college, hospital, or local civic group—or a member of the investment committee of a pension fund or foundation, the bottom line is that you've been entrusted with making investment decisions that, within an acceptable level of risk, should maximize the long-term growth of income for your fund and organization. \u003c\/p\u003e\u003cp\u003eWith over thirty years of hands-on experience and proven success in the financial field, author Russell Olson—the former director of pension investments worldwide for Eastman Kodak—understands the many fiduciary responsibilities of those who sit on the investment committees of endowment funds, foundations, and pension funds. In \u003ci\u003eThe Handbook for Investment Committee Members,\u003c\/i\u003e Olson shares his extensive knowledge of this subject so that you can learn how to fully meet the demands of this important job. \u003c\/p\u003e\u003cp\u003eFilled with in-depth insights and practical advice, \u003ci\u003eThe Handbook for Investment Committee Members\u003c\/i\u003e will help you to understand information presented at committee meetings, ask meaningful and productive questions, evaluate the responses received, and vote on recommendations knowledgeably. Using the tools and techniques described, you'll be prepared to make even the toughest decisions with confidence. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eThe Handbook for Investment Committee Members\u003c\/i\u003e offers clear, accessible guidance for both sophisticated investors and relative newcomers. It breaks down and discusses some of the most critical issues in this field, including: \u003c\/p\u003e\u003cul\u003e \u003cli\u003eThe proper functioning of investment committees and the drafting of investment policies\u003c\/li\u003e \u003cli\u003eCreating a portfolio of asset classes and understanding the elements of risk, return, and correlation\u003c\/li\u003e \u003cli\u003eSelecting and monitoring investment managers or mutual funds that actually invest your assets\u003c\/li\u003e \u003cli\u003eEvaluating the investment organization of an endowment fund, foundation, or pension fund\u003c\/li\u003e \u003cli\u003eThe structure of an endowment fund, the handling of restricted money in the fund, and the importance of using the imputed income method to calculate annual payments to the fund's sponsor\u003c\/li\u003e \u003cli\u003eThe similarities and differences in managing an endowment fund, foundation, and pension fund\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eToday, the responsibilities of investment committee members are tremendous. If you're currently in this position or planning on being there soon, pick up \u003ci\u003eThe Handbook for Investment Committee Members\u003c\/i\u003e and find out how you can make prudent investments for your organization.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990245556453,"sku":"NP9780471719786","price":49.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780471719786.jpg?v=1761787046","url":"https:\/\/k12savings.com\/products\/the-handbook-for-investment-committee-members-isbn-9780471719786","provider":"K12savings","version":"1.0","type":"link"}