The Origins of Asset Management from 1700 to 1960 by Nigel Edward Morecroft

The Origins of Asset Management from 1700 to 1960 by Nigel Edward Morecroft

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.

Nigel 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 & Co. and Director at Foreign & Colonial Asset Management, having started his career at Wood Mackenzie & 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.

SKU	Unavailable
ISBN 13	9783319847580
ISBN 10	3319847589
Title	The Origins of Asset Management from 1700 to 1960
Author	Nigel Edward Morecroft
Series	Palgrave Studies In The History Of Finance
Condition	Unavailable
Binding Type	Paperback
Publisher	Springer International Publishing AG
Year published	2018-08-30
Number of pages	360
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.