The Origins of Asset Management from 1700 to 1960: Towering Investors (Palgrave Studies in the History of Finance) - Image 1

£47.23

MACMILLAN The Origins of Asset Management from 1700 to 1960: Towering Investors (Palgrave Studies in the History of Finance)

Name: The Origins of Asset Management from 1700 to 1960: Towering Investors (Palgrave Studies in the History of Finance)
Brand: MACMILLAN
Price: 47.23 GBP
Availability: InStock

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Description

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.

Product Specifications

Brand: MACMILLAN
Format: paperback
ASIN: 3319847589
Category: Books > Subjects > Business, Finance & Law > Biographies & Histories > Finance & Stock Market History
Domain: Amazon UK
Release Date: 30 August 2018
Listed Since: 14 July 2018

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MACMILLAN The Origins of Asset Management from 1700 to 1960: Towering Investors (Palgrave Studies in the History of Finance)

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