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Advances in the Practice of Public Investment Management

Portfolio Modelling, Performance Attribution and Governance

Editors: Bulusu, N., Coche, J., Reveiz, A., Rivadeneyra, F., Sahakyan, V., Yanou, G. (Eds.)

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  • Presents research and analysis around topics of interest to public investment managers, such as sovereign wealth funds, foreign reserves, and public pension funds
  • Discusses the latest developments in the management of public funds
  • Summarizes the work presented at the 6th annual Public Investors Conference, jointly organised by the BIS, World Bank and the Bank of Canada
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eBook $109.00
price for USA (gross)
  • ISBN 978-3-319-90245-6
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $149.99
price for USA
  • ISBN 978-3-319-90244-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

This book covers the latest advances in the theory and practice of public investment management. It includes the most up-to-date developments in the implementation of public asset management – including multiple contributions on portfolio allocation in varying interest-rate and credit-risk environments. Other highlights include implementation, performance attribution and governance issues surrounding reserves management, portfolio construction techniques appropriate for public investors and an in-depth discussion of the challenges to achieving international diversification.



About the authors

Narayan Bulusu is a Principal Researcher in the Funds Management and Banking Department at the Bank of Canada.

Joachim Coche is Head of Financial Analysis at the Bank for International Settlements (BIS).

Alejandro Reveiz is the Head of Treasury Middle Office and Banking at the Inter-American Development Bank (IDB).

Francisco Rivadeneyra is a Research Advisor in the Funds Management and Banking Department at the Bank of Canada.

Vahe Sahakyan is an Asset Management Specialist in the Banking Department at the Bank for International Settlements (BIS).

Ghislain Yanou is an Investment Officer in the Quantitative Solutions, Strategic Asset Allocation and Analytics (QSA) Department at the World Bank Treasury.


Table of contents (14 chapters)

Table of contents (14 chapters)
  • Hedging Potential Liabilities of Foreign Reserves Through Asset Allocation

    Diaz, Daniel E. (et al.)

    Pages 3-25

  • Setting the Appropriate Mix Between Active and Passive Management in the Investment Tranche of a Foreign Reserves Portfolio

    Vela Barón, Daniel

    Pages 27-44

  • A New Fixed-Income Fund Performance Attribution Model: An Application to ECB Reserve Management

    Potente, Francesco (et al.)

    Pages 45-72

  • Sovereign Wealth Fund Investment Performance, Strategic Asset Allocation, and Funding Withdrawal Rules

    Papaioannou, Michael G. (et al.)

    Pages 73-99

  • A Macro-Based Process for Actively Managing Sovereign Bond Exposures

    Bjorheim, Jacob (et al.)

    Pages 103-129

Buy this book

eBook $109.00
price for USA (gross)
  • ISBN 978-3-319-90245-6
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $149.99
price for USA
  • ISBN 978-3-319-90244-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Advances in the Practice of Public Investment Management
Book Subtitle
Portfolio Modelling, Performance Attribution and Governance
Editors
  • Narayan Bulusu
  • Joachim Coche
  • Alejandro Reveiz
  • Francisco Rivadeneyra
  • Vahe Sahakyan
  • Ghislain Yanou
Copyright
2018
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-319-90245-6
DOI
10.1007/978-3-319-90245-6
Hardcover ISBN
978-3-319-90244-9
Edition Number
1
Number of Pages
XXVIII, 394
Number of Illustrations
74 b/w illustrations, 6 illustrations in colour
Topics