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· 분류 : 외국도서 > 경제경영 > 투자/증권 > 일반
· ISBN : 9780470615768
· 쪽수 : 208쪽
· 출판일 : 2011-02-02
목차
Introduction.
Acknowledgments.
Chapter 1 The Small-Cap Advantage.
Two Sources of Outperformance.
Small-Cap Definitions.
The Outperformance of Small-Cap Stocks.
Outperformance within the Small-Cap Space.
Chapter Summary.
Chapter 2 Small-Cap Disadvantages.
Research.
Trading.
The Small-Cap Graveyard and Reverse Survivorship Bias.
Capping Assets.
Chapter Summary.
Chapter 3 Small-Cap Investment Philosophy and Process.
Institutional Approach.
Passive and Enhanced Indexing in Small-Cap Stocks.
Active Management in Small-Cap Stocks.
Chapter Summary.
Chapter 4 Small-Cap Manager Organization.
Creating Value for the Manager.
Launching a Small-Cap Firm.
Investment Team.
Chapter Summary.
Chapter 5 The Fundraising Process.
General Marketing Strategy.
Institutional Clients.
Foundations and Endowments.
Consulting Firms.
Pension Plans.
High Net-Worth Individuals.
Wrap Fee and other Sub-Advisory Relationships.
Databases.
Third-Party Marketers.
The Chicken-and-Egg Problem.
Chapter Summary.
Chapter 6 Fees, Agency Issues, and Other Performance Drags.
Common Performance Drags.
Frictional Costs in Small Caps.
Institution-Manager Agency Issues.
Agency Issues in Trading.
Benchmark Tyranny.
Commingled and Separate Accounts.
Chapter Summary.
Chapter 7 Small-Cap Managers and the Endowment Model.
The Endowment-Model Approach to Small Caps.
Finding an Edge.
Funding Smaller Managers.
Funding Emerging Managers.
Finding Emerging Managers.
Chapter Summary.
Chapter 8 Evaluating Small-Cap Managers.
Institutional Due Diligence Teams.
Assessing Manager Risk.
Assessing Investment Philosophy.
Analyzing a Manager's Process.
Evaluating Firm Principals.
Assessing Manager Operations.
Contributions and Withdrawals.
Chapter Summary.
Final Thoughts.
Notes.
About the Author.
Index.
