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  • © 2011

The Trustee Guide to Investment

Palgrave Macmillan

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Table of contents (19 chapters)

  1. Front Matter

    Pages i-xvii
  2. The Pension Promise: How Do Pension Liabilities Arise?

    • Andrew Clare, Chris Wagstaff
    Pages 1-23
  3. The Macroeconomic Background to Pensions: Why Economics Matters

    • Andrew Clare, Chris Wagstaff
    Pages 51-78
  4. Cash: The Most Liquid of All the Asset Classes

    • Andrew Clare, Chris Wagstaff
    Pages 79-85
  5. Bonds: The Asset Class Trustees Fear the Most

    • Andrew Clare, Chris Wagstaff
    Pages 87-124
  6. Equities: The Traditional ‘Growth’ Asset Class

    • Andrew Clare, Chris Wagstaff
    Pages 125-153
  7. Real Estate: Putting Your Faith in Bricks and Mortar

    • Andrew Clare, Chris Wagstaff
    Pages 155-174
  8. Risk and Risk Management: Trustees as Risk Managers

    • Andrew Clare, Chris Wagstaff
    Pages 175-209
  9. Asset Allocation: The Big Decision

    • Andrew Clare, Chris Wagstaff
    Pages 211-248
  10. Derivatives: Instruments of Mass Destruction?

    • Andrew Clare, Chris Wagstaff
    Pages 249-278
  11. Alternative Asset Classes: An Alternative to What?

    • Andrew Clare, Chris Wagstaff
    Pages 305-345
  12. Portfolio Management: Analyzing and Generating Returns

    • Andrew Clare, Chris Wagstaff
    Pages 347-389
  13. Liability Driven Investment (LDI): An Exercise in Risk Management

    • Andrew Clare, Chris Wagstaff
    Pages 391-428
  14. Behavioural Finance: How Investors Really Make Investment Decisions

    • Andrew Clare, Chris Wagstaff
    Pages 451-484
  15. Manager Selection: How Do You Choose a Good Fund Manager?

    • Andrew Clare, Chris Wagstaff
    Pages 485-507
  16. Conclusion

    • Andrew Clare, Chris Wagstaff
    Pages 509-512

About this book

The Trustee Guide to Investment is a unique and refreshingly practical guide to the expanding range of markets, investments, tools and techniques to which pension scheme trustees must now become familiar.

Reviews

'It is becoming increasingly difficult for trustees, old and new, to distinguish between substance and marketing hype. This book is essential reading for those who want to minimise risks and maximise opportunities without being taken to the cleaners.'

- Alan Pickering CBE, Chairman, BESTrustees

'Quite simply the book every Trustee should read and understand. Written clearly and concisely, it is compulsory reading for my Committee!'

- Mike Urmston, Chair of the Aviva Staff Pension Scheme Investment Committee

'This book is written with a mission not only to advance trustees' investment knowledge by demystifying the jargon and terminology that surrounds investment with its many and various nuances, but also to provide trustees with the necessary confidence and competence to adopt an advanced level of investment governance for their scheme.'

- Dawid Konotey-Ahulu, co-founder, mallowstreet.com

'As simplicity in many aspects of trusteeship and investment gives way to increased complexity, at last we have a refreshingly objective and practical guide to the ever expanding range of markets, investments, tools and techniques to which pension scheme trustees are increasingly exposed and regularly bombarded.'

- Rob Gardner, co-founder and joint-CEO Redington Limited

About the authors

ANDREW CLARE is Professor of Asset Management at the Sir John Cass Business School in London. He was a Senior Research Manager in the Monetary Analysis wing of the Bank of England which supported the work of the Monetary Policy Committee. He has published extensively in both academic and practitioner journals on a wide range of economic and financial market issues. In a recent survey Andrew was ranked as the world's ninth most prolific finance author of the past fifty years. Andrew serves on the investment committees of the GEC Marconi pension plan and on the Magnox Electric Group Pension plan.

CHRIS WAGSTAFF is a Member Nominated Trustee Director of the Aviva Staff Pension Scheme and a member of its Investment Committee. He is also a Visiting Fellow of the Sir John Cass Business School in London. Chris has over 25 years experience in the finance and investment industry and has spent the past 17 years training and writing on many aspects of economics, investment, pensions and asset management. Chris has an economics degree from University College Cardiff, holds the Chartered Institute for Securities and Investment Diploma, the CII Personal Finance Society Diploma and is a graduate of the London Business School Investment Management Evening Programme.

Bibliographic Information

Buy it now

Buying options

eBook USD 39.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 54.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book USD 54.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access