{"product_id":"9781137508560","title":"The New Frontier Investors: How Pension Funds, Sovereign Funds, and Endowments are Changing the Business of Investment Management and Long-Term Investing","description":"\u003ch1\u003eThe New Frontier Investors: How Pension Funds, Sovereign Funds, and Endowments are Changing the Business of Investment Management and Long-Term Investing\u003c\/h1\u003e \u003ch2\u003eSingh Bachher, Jagdeep; Dixon, Adam D.; Monk, Ashby H. B.\u003c\/h2\u003e \u003cp\u003e\u003c\/p\u003e\u003cp\u003eWho\nholds the power in financial markets? For many, the answer would probably be\nthe large investment banks, big asset managers, and hedge funds. These are the\norganizations that are in the media's spotlight and whose leaders and employees\ncommand outsized salaries and bonuses. They are the supposed leading edge of\nglobal finance and their power seems almost absolute, even as questions abound\nabout their social and economic utility. But more and more asset owners are\nconfronting the status quo, the power to exact high fees and the focus on the\nshort term. \u003ci\u003eThe New Frontier Investors\u003c\/i\u003e\nchronicles the rise of this new group of long horizon asset owners that\nincludes some of the world's largest pension funds, sovereign wealth funds, and\nendowments. These asset owners are driving the business of asset management to\na new frontier by retaking responsibility of the end-to-end management of their\ninvestment portfolios and by re-conceptualizing investment decision-making.\u003c\/p\u003e\u003cp\u003eThe\nlessons illustrated in \u003ci\u003eThe New Frontier\nInvestors\u003c\/i\u003e fly in the face of conventional wisdom, which has it that these\nasset owners are at a disadvantage to the private sector fund managers and\nother service providers. These asset owners are supposedly not able to attract\ntalent nor do they have the organizational capabilities to compete. That many are\nlocated far from the markets in which they invest only exacerbates the problem.\nBut this is incorrect. This expanding group of asset owners is learning how to\nmake the most of their scale and long time horizons, finding new ways to\nattract talent, to collaborate, and to build greater alignment with the users\nof capital. They are not at a disadvantage. They are at an advantage.\u003c\/p\u003e\n\n\n\n\n\n\n\n\u003cp\u003e\u003ci\u003eThe New Frontier\nInvestors\u003c\/i\u003e\nis essential reading for anyone wanting to see a change in global financial\nmarkets and the professionalization of asset owners worldwide, from public\npension funds and sovereign wealth funds to foundations and endowments. It is\nthus required reading for the senior executives and employees working in the\nfield of beneficiary institutional investment, as well as government officials\nand others that have a stake in the design and governance of beneficiary\nfinancial institutions and long-term capital.  \u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Palgrave Macmillan\u003c\/p\u003e \u003cp\u003ePublication Date: 2016-10-18\u003c\/p\u003e \u003cp\u003eFormat: Hardcover\u003c\/p\u003e \u003cp\u003eISBN-13: 9781137508560\u003c\/p\u003e \u003cp\u003eDOI: 10.1057\/978-1-137-50857-7\u003c\/p\u003e \u003cp\u003eDimensions: 235cm x155cm\u003c\/p\u003e \u003cp\u003ePages: 147\u003c\/p\u003e ","brand":"Palgrave Macmillan UK","offers":[{"title":"Default Title","offer_id":44752413622412,"sku":"9781137508560","price":34.19,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9781137508560.jpg?v=1776576696","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9781137508560","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}