EAN: 9783319847580

Bilder-Quelle: discount24.de - Sport-Freizeit

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.

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06.07.2025 um 08:10 Uhr

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