The Origins of Asset Management from 1700 to 1960

Towering Investors
1st ed. 2017 2018. Buch. xv, 343 S.: 12 s/w-Abbildungen, Bibliographien. Softcover
Palgrave Macmillan ISBN 978-3-319-84758-0
Format (B x L): 14,8 x 21 cm
Gewicht: 470 g
In englischer Sprache
Das Werk ist Teil der Reihe:
This book explores the origins and development of the asset management profession in Britain as a distinct activity within financial services, independent of banks and stockbrokers. Specifically, it identifies the main individuals and institutions after 1868 who established the profession. The book draws a distinction between banks (short-term deposit-taking) and asset management (an investment service with longer-term objectives). It explains why some banks fail but asset management businesses generally do not. It argues that asset management has been socially useful and has had a beneficial impact on the development of securities markets by offering choices to savers as an alternative to banks, improving the efficiency of capital allocation, re-cycling excess savings productively and enabling a range of investors - from institutions to individuals - to benefit from thoughtful, long-term investing.
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- Focuses on the history of asset management in the UK - Draws comparisons with developments in the United States - Places asset management in the context of major historical events, both economic and financial - Identifies transformational changes in the nature of markets - Highlights the contribution of skilled investors and their innovative thinking in the world of investment