My Library

University LibraryCatalogue

Limit search to items available for borrowing or consultation
Can't find that book? Try BONUS+
Look for full text

Search Discovery

Search CARM Centre Catalogue

Search Trove

Add record to RefWorks

Cover Art
Author Morecroft, Nigel Edward, author.

Title The origins of asset management from 1700 to 1960 : towering investors / Nigel Edward Morecroft.

Published Cham, Switzerland : Palgrave Macmillan, 2017.


Location Call No. Status
Physical description 1 online resource (xv, 343 pages) : 12 illustrations.
Series Palgrave Studies in the History of Finance
Palgrave studies in the history of finance.
Springer Economics and Finance eBooks 2017 English+International
Contents 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.
Bibliography Includes bibliographical references and index.
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 investing.-- Provided by publisher.
Other author SpringerLink issuing body.
Subject Asset-liability management -- Great Britain -- History.
Investment advisors -- Great Britain -- History.
Electronic books.
Electronic books.
ISBN 9783319518503
Standard Number 10.1007/978-3-319-51850-3