INVESTMENT MANAGEMENT: MEETING THE NOBLE CHALLENGES OF FUNDING PENSIONS DEFICITS AND GROWTH

InvestmentManagementMeetingtheNobleChallengesofFundingPensions,Deficits,andGrowthForewordbyJoelChernoff,ExecutiveEditor,Pensions&InvestmentsEditedbyWayneH.WagnerandRalphA.RievesPraiseforInvestmentManagement"Acompellinganalysisofthechallengesofinvestmentmanagement,andwhyinvestmentmanagementfirmsrequireinnovationtosucceed."—BlakeGrossman,CEO,BarclaysGlobalInvestors"Greatinvestmentmanagersunderstandthatpositioningportfoliosforclientsshouldnotbeanactofconformity,butratheraconstantjourneyofshiftingfundamentalsandopinion.WayneandRalphbringthisfacttolifebyaddressingsomeofthekeychallengestoseriousinvestmentthinking,usingtop-levelresearchersintheirrespectivefields.Forthoseinvestmentmanagersandclientswhowanttogobeyondtheordinary."—JeffDiermeier,formerCEOofCFAInstituteandretiredCIOofUBSGlobalAssetManagement"Theessaysinthisbookprovideaninvaluablereferencepointofseriousreadingsformoneymanagers.Theworksprovidetheanalystwiththemostrecentscholarshipinasinglebook,presentingideasandphilosophythatwillleadmebacktoitsvarioussectionstimeandtimeagain."—KennethS.Hackel,CFA,President,CTCapitalLLC"Thecrashof2007–2009broughtaharshconclusiontoaquarterofacenturyofunprecedentedgrowthandprosperityfortheinvestmentmanagementindustry,whichfacesnolessataskthanreinventingitself.Rieves'andWagner'scontributiontothewayforwardcouldn'tbetimelier."—RichardEnnis,Principal,EnnisKnupp+Associates"Thisbookuniformlyfocusesonthebestpracticestowhichinvestmentmanagementprofessionalsshouldcommit.Ihighlyrecommendthisbooktoinvestmentmanagers,salespeople,andtrusteesofpensions,endowments,trusts,andmutualfunds."—JackClarkFrancis,PhD,ProfessorofEconomicsandFinance,BernardBaruchCollege