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Cover Art
E-RESOURCE
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.

Copies

Location Call No. Status
 UniM INTERNET resource    AVAILABLE
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.
History.
ISBN 9783319518503
331951850X
3319518496
9783319518497
Standard Number 10.1007/978-3-319-51850-3