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The Origins of Asset Management from 1700 to 1960 : Towering Investors / by Nigel Edward Morecroft

By: Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: Palgrave Studies in the History of Finance | SpringerLink Bücher | Springer eBook Collection Economics and FinancePublisher: Cham : Palgrave Macmillan, 2017Description: Online-Ressource (XV, 343 p. 12 illus, online resource)ISBN:
  • 9783319518503
Subject(s): Additional physical formats: 9783319518497 | Druckausg.: 978-3-319-51849-7 | Printed edition: 9783319518497 | Erscheint auch als: ˜Theœ origins of asset management from 1700 to 1960. Druck-Ausgabe 1st ed. 2017. Cham, Switzerland : $nPalgrave Macmillan, 2017. xv, 343 SeitenLOC classification:
  • HG171
DOI: DOI: 10.1007/978-3-319-51850-3Online resources: Summary: This book explores the origins and development of the asset management profession in Britain as a distinct activity within financial services, independent of banks and stockbrokers. Specifically, it identifies the main individuals and institutions after 1868 who established the profession. The book draws a distinction between banks (short-term deposit-taking) and asset management (an investment service with longer-term objectives). It explains why some banks fail but asset management businesses generally do not. It argues that asset management has been socially useful and has had a beneficial impact on the development of securities markets by offering choices to savers as an alternative to banks, improving the efficiency of capital allocation, re-cycling excess savings productively and enabling a range of investors - from institutions to individuals - to benefit from thoughtful, long-term investingSummary: Chapter 1: Introduction adn overview -- Chapter 2: Markets and insurance company investments,1700 to 1900.-Chapter 3: Philip Rose and the first investment company, 1868 to 1883.-Chapter 4: Robert Fleming and Scottish asset management, 1873 to 1890 -- Chapter 5: Life office investment 1900 to 1960, and John Maynard Keynes -- Chapter 6: Keynes - flawed investor or genius? Chapter 7: George Booth, Ian Fairburn and the first trust units, 1931 to 1960 -- Chapter 8: George Ross Goobey, revolutionising pension fund investment, 1947 to 1960 -- Chapter 9: Observations from the pastPPN: PPN: 1658343816Package identifier: Produktsigel: ZDB-2-ECF
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