{"product_id":"9783319847580","title":"The Origins of Asset Management from 1700 to 1960 : Towering Investors (Palgrave Studies in the History of Finance) (1st ed. 2017. 2018. xv, 343 S. 12 SW-Abb. 210 mm)","description":"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 investing. 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 past. \u003cp\u003eNigel Edward Morecroft is a former asset management professional having spent most of his working life in institutional asset management. Previous appointments have included Partner at Baillie Gifford \u0026amp; Co. and Director at Foreign \u0026amp; Colonial Asset Management, having started his career at Wood Mackenzie \u0026amp; Co. Typically in his capacity as a trustee, Nigel currently applies his extensive experience in investments to a number of charities including the Charities Official Investment Funds (COIF) where he is a Director. He is also a Trustee and Member of the University Court at the University of St Andrews, UK.\u003c\/p\u003e","brand":"Springer","offers":[{"title":"Default Title","offer_id":48808745894123,"sku":"00000_00000_00000_00000","price":256.34,"currency_code":"SGD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0758\/4484\/5803\/files\/9783319847580-1.jpg?v=1783114630","url":"https:\/\/kinokuniya.com.sg\/products\/9783319847580","provider":"Books Kinokuniya Singapore","version":"1.0","type":"link"}