Investment Manager Facts

By | November 1, 2017

When it comes to investing large amounts of assets, an investment manager is the logical choice for most people. Most mutual fund companies or investment firms have investing counselors who are in charge of handling individual accounts or complete mutual fund groups.  

They do this by controlling an investor’s portfolio either by direct action from the client or discretionary money management where the investor allows the investing manager to decide on what to do with his investing instruments.  An investor is not just a private client but also refers to any agency that uses asset management investing as a key part of their portfolio.
 
For someone interesting in becoming an investment manager, it is best to have at least a bachelor’s degree in business. It is also necessary to complete at least one year of Chartered Financial Analyst Training if you are going to work for an investment firm. Also, it required to get registered and a license when working as an investing counselor.
 
The first year salary for this job is around 30,000 dollars. It doesn’t sound like much, but it has a sharp annual increase that in five years, most annual salaries increase to between 80,000 to 100,000 dollars for this profession.
 
The most frequent type of investment manager is those that work with mutual funds. A mutual fund manager is in charge of handling large pools of money that individual investors have grouped together and allowed the manager of these funds to handle the discretionary decisions when it comes to investing this money. Most mutual funds consist of investing in the Stock Market, bonds, securities and other short term money market instruments. This type of plan usually benefits all those who are have money in that fund. The downside is that if the assets lose money, all the investors lose money.
 
Before the current economic situation, investment management was a growing job field but now its job prospects have dwindled slightly during the current recession.

Shamin Napreeda is learning how to invest her money smartly and understanding where all our money has gone. If you want read more on investment managers, go to http://hubpages.com/hub/Investment-Manager-Basics


Product Description
An indispensable roadmap for creating a successful investment program from Yale’s chief investment officer, David F. Swensen.

In the years since the now-classic Pioneering Portfolio Management was first published, the global investment landscape has changed dramatically -- but the results of David Swensen's investment strategy for the Yale University endowment have remained as impressive as ever. Year after year, Yale's portfolio has trumped the marketplace by a wide margin, and, with over $20 billion added to the endowment under his twenty-three-year tenure, Swensen has contributed more to Yale's finances than anyone ever has to any university in the country. What may have seemed like one among many success stories in the era before the Internet bubble burst emerges now as a completely unprecedented institutional investment achievement.

In this fully revised and updated edition, Swensen, author of the bestselling personal finance guide Unconventional Success, describes the investment process that underpins Yale's endowment. He provides lucid and penetrating insight into the world of institutional funds management, illuminating topics ranging from asset-allocation structures to active fund management. Swensen employs an array of vivid real-world examples, many drawn from his own formidable experience, to address critical concepts such as handling risk, selecting advisors, and weathering market pitfalls.

Swensen offers clear and incisive advice, especially when describing a counterintuitive path. Conventional investing too often leads to buying high and selling low. Trust is more important than flash-in-the-pan success. Expertise, fortitude, and the long view produce positive results where gimmicks and trend following do not.

The original Pioneering Portfolio Management outlined a commonsense template for structuring a well-diversified equity-oriented portfolio. This new edition provides fund managers and students of the market an up-to-date guide for actively managed investment portfolios.

Price: $17.28
  • Free Press

3 thoughts on “Investment Manager Facts

  1. user6616

    3 of 3 people found the following review helpful

    5.0 out of 5 stars
    but please simply accept that this book is the overwhelming encyclopedia for those interested in providing great equity returns, November 1, 2014

    By Stuart

    Verified Purchase(What’s this?)

    This review is from: Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment, Fully Revised and Updated (Hardcover)

    Wow! Wow! Wow!
    There are perhaps only two books that I have read twice. I am now reading Swenson twice – very slowly!! I can extoll the book’s virtues from alpha to etc., but please simply accept that this book is the overwhelming encyclopedia for those interested in providing great equity returns for endowments and the like.

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  2. user4958

    8 of 10 people found the following review helpful

    3.0 out of 5 stars
    Insightful and structured review of institutional money management, July 19, 2008

    By D. J Najarian (New Jersey) –

    Verified Purchase(What’s this?)

    This review is from: Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment (Hardcover)

    David Swensen has written a commendable book. Perhaps most commendable is his focus on ethical money management with a focus on fiduciary responsibility to the investor–a Birkshirean theme worth reiterating over and over.

    The principal value of this book derives from its discussion on the use of alternative investments–such as private equity, market neutral strategies, and venture capital. Indeed, in the first paragraph of the books cover it is noted that “Largely focusing on nonconventional strategies, including a heavy allocation to private equity, Swensen has achieved an annualized return of 17.4%.” Ironically, however, within the book Swensen writes in detail how and why private equity investing provides inferior risk adjusted returns vs. investment in plain vanilla marketable securities (e.g. S and P 500 index). This information is especially interesting given the recent investment by the Chinese government (purported disciples of David Swensen) in the Blackstone group IPO!!!!

    Swenson’s discussion about inferior risk adjusted returns provided by venture capital funds, his discussion about market neutral strategy returns, and his discussion about the importance of long term treasuries vs. other bond alternatives are equally interesting.

    Overall, this book is good and differentiated, but somewhat inferior to other classics (e.g. One up on wall street by Peter Lynch, A Random Walk Down Wall Street by Malkiel, etc.). I would suggest waiting for the new edition of Pioneering Portfolio Management to come out instead of buying this older edition (2000)

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  3. user7269

    10 of 10 people found the following review helpful

    5.0 out of 5 stars
    Must read even for those not in endowment management, November 20, 2012

    By Kevin Kwok

    Verified Purchase(What’s this?)

    This review is from: Pioneering Portfolio Management: An Unconventional Approach to Institutional Investment, Fully Revised and Updated (Kindle Edition)

    Pioneering Portfolio theory is a must read. As other reviewers have said it’s essential for any endowment manager. However, it’s also a great read for those not interested in asset management. Besides being a fantastic overview of different asset classes and how to think about them, Swensen talks at length about alignment of incentives, how to balance the qualitative and quantitative, and how differing timeframes influence your decisions. All of which are huge components of the decisions anyone makes that often aren’t thought about rigorously.

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