MACMILLAN Advances in the Practice of Public Investment Management: Portfolio Modelling, Performance Attribution and Governance

This book covers the latest advances in the theory and practice of public investment management. It includes the most up-to-date developments in the implementation of public asset management – including multiple contributions on portfolio allocation in varying interest-rate and credit-risk environments. Other highlights include implementation, performance attribution and governance issues surrounding reserves management, portfolio construction techniques appropriate for public investors and an in-depth discussion of the challenges to achieving international diversification. From the Back Cover This book covers the latest advances in the theory and practice of public investment management. It includes the most up-to-date developments in the implementation of public asset management – including multiple contributions on portfolio allocation in varying interest-rate and credit-risk environments. Other highlights include implementation, performance attribution and governance issues surrounding reserves management, portfolio construction techniques appropriate for public investors and an in-depth discussion of the challenges to achieving international diversification. About the Author Narayan Bulusu is a Principal Researcher in the Funds Management and Banking Department at the Bank of Canada. Joachim Coche is Head of Financial Analysis at the Bank for International Settlements (BIS). Alejandro Reveiz is the Head of Treasury Middle Office and Banking at the Inter-American Development Bank (IDB). Francisco Rivadeneyra is a Research Advisor in the Funds Management and Banking Department at the Bank of Canada. Vahe Sahakyan is an Asset Management Specialist in the Banking Department at the Bank for International Settlements (BIS). Ghislain Yanou is an Investment Officer in the Quantitative Solutions, Strategic Asset Allocation and Analytics (QSA) Department at the World Bank Treasury.