The complexity of investments continues to grow and institutional pools of capital from
endowments to pension funds are suffering from too much risk and not enough return. Yet
managing these investments and creating and implementing governance structures are seldom an
integral part of the organization s core mission or its operations. That s the way it has
always been say many directors and executives. As a result a board of directors or investment
committee often believes it needs to make all the decisions--or outsource money management and
hope for the best. As Winning the Institutional Investing Race: A Guide for Directors and
Executives makes clear that sentiment is a big mistake that can lead to poor returns reduced
capital to employ on behalf of the organizational mission and even charges of malfeasance on
the part of directors. Authors Michael Bunn and Zack Campbell who advise companies and
institutions on best practices in institutional investment are determined to help institutions
and companies learn to manage their capital funds like the real businesses they are. This
hands-on book will show you: The importance of governance in creating and overseeing investment
policy The roles and responsibilities of key stakeholders especially board members How to
construct an effective investment policy statement An overview of the four primary governance
models available to trustees and the pros cons of each How to work with fund managers in house
or out to get the highest returns possible Besides governance this book covers a wide array
of investment topics modern portfolio theory risk application investment manager evaluation
and manager search asset allocation and diversification among others while introducing a new
and successful approach to managing investment portfolios. The goal is to provide a grounding
in investing for those involved in making financial decisions at the board level. As the
authors make clear it is not possible just to beat the averages but to do so consistently.
Winning the Institutional Investing Race: A Guide for Directors and Executives offers a healthy
rethinking of investment management and governance for any organization or board that oversees
institutional investments and manages those making investment decisions. Most important it
shows how directors and managers can maintain their fiduciary responsibilities to the
organizations they serve while maximizing investment returns.
