Global Asset Management

1. Front Matter

   Pages i-xxxii

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2. Global Asset Management — Introduction and Overview

   1. Front Matter

      Pages 1-1

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   2. The Asset Management Industry Dynamics of Growth, Structure and Performance

      • Ingo Walter

      Pages 3-35

   3. What Do We Know About the Mutual Fund Industry?

      • Massimo Massa

      Pages 36-55

3. The Crisis of 2007–2008 and its Aftermath

   1. Front Matter

      Pages 57-57

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   2. Macroeconomic Perspectives on the Financial Crisis and Its Aftermath

      • Ole Risager

      Pages 59-73

   3. Some Lessons From CDO Markets on Mathematical Models

      • David Lando

      Pages 74-92

   4. The Credit Crisis of 2007 and Its Implications for Risk Management

      • John Hull

      Pages 93-106

   5. After the Storm: Four Innovations Changing Investment Management

      • Adam Schneider

      Pages 107-121

   6. Avoiding International Financial Crises: An Incomplete Reform Agenda

      • Jean Dermine

      Pages 122-144

4. Key Risk Factors in Asset Management

   1. Front Matter

      Pages 145-145

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   2. Managing Growth and Strategic Risk

      • Mathias Schmit, Lin-Sya Chao

      Pages 147-166

   3. Wall Street’s Management of Risk: Why It Failed

      • John H. Biggs

      Pages 167-185

   4. Reputational Risk and the Financial Crisis

      • Ingo Walter

      Pages 186-208

   5. Risk Management for Pension Funds and Endowments

      • Aaron Brown

      Pages 209-216

   6. A Stitch in Time …

      • Kosrow Dehnad

      Pages 217-232

5. Regulations and Governance

   1. Front Matter

      Pages 233-233

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   2. Corporate Governance and the Financial Crisis

      • Steen Thomsen

      Pages 235-246

   3. Governance and the Financial Crisis: More Convergence, Less Risk?

      • Renée Adams

      Pages 247-273

   4. Financial Regulation and Risk Governance

      • Caspar Rose

      Pages 274-287

This book focuses on all major aspects of the asset management industry including its regulations, strategies, processes, applied technologies and risks. It provides a serious resource for readers seeking greater depth and alternative opinions on specific industry developments, and breadth for specialists interested in the dynamics of the industry.

• asset management
• asset manager
• Investment
• Pension Funds
• insurance
• investments and securities
• household finance

• Department of Information, Operations and Management Sciences at the Stern School of Business, New York University, USA

  Michael Pinedo

• New York University Stern School of Business, USA

  Ingo Walter

Massimo Massa, INSEAD, France Ole Risager, Copenhagen Business School, Denmark David Lando, Copenhagen Business School, Denmark John Hull, University of Toronto, Canada Adam Schneider, Deloitte Consulting, USA Jean Dermine, INSEAD, France Mathias Schmit, Solvay Business School, Belgium Lin-Sya Chao, Solvay Business School, Belgium John H. Biggs, retired chairman, TIAA-CREF, USA Aaron Brown, AQR, USA Kosrow Dehnad, Columbia University, USA Steen Thomsen, Copenhagen Business School, Denmark Renée Adams, University of New South Wales, Australia Caspar Rose, Copenhagen Business School, Denmark Karel Lannoo, Centre for European Policy Studies (CEPS), Belgium Anders Bidsted Andersen, SimCorp, Denmark Carsten Kunkel, SimCorp, Denmark Ümit Alptuna, Goldman, Sachs & Co., USA Manos Hatzakis, Goldman, Sachs & Co., USA Reha Tütüncü, Goldman, Sachs & Co., USA Marcelo Cruz, E-trade, USA Yakov Amihud, New York University, USA Haim Mendelson, Stanford University, USA Jacob Elsborg, ATP, Denmark Howie San, SimCorp, Denmark Anders Kirkeby, SimCorp, Denmark Marc Schröter, SimCorp, Denmark Paul Verdin, Solvay Business School and KULeuven, Belgium Johannes Elsner, Martin Huber and Philipp Koch, McKinsey and Co., Germany Alistair Byrne, Towers Watson, UK Martin Gruber, Stern School of Business, NYU, USA Stephen Brown, Stern School of Business, NYU, USA

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