- Hardcover: 224 pages
- Publisher: Financial Times/ Prentice Hall; 1 edition (11 Aug 1999)
- Language English
- ISBN-10: 0273644416
- ISBN-13: 978-0273644415
- Product Dimensions: 23.4 x 15.6 x 1.4 cm
- Average Customer Review: 5.0 out of 5 stars See all reviews (1 customer review)
- Amazon Bestsellers Rank: 2,060,095 in Books (See Top 100 in Books)
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Product Description
Product Description
A guide to the opportunities of global custody - the professional activity which focuses on looking after the physical security of investments held abroad - this text contains detailed market information on 27 countries.
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Customer Reviews
Most Helpful Customer Reviews
1 of 1 people found the following review helpful
I really enjoyed this book. It's very much a work for the specialist who is professionally involved with the International securities business and who wants to know how portfolio performance can be improved through better attention to portfolio administration. The author's thesis is that in a world dominated by the Efficient Markets Hypothesis, which by definition means that it's difficult for fund managers to achieve consistently exceptional performance - it makes sense to focus on fund administration. He emphasises that custody is much more than the physical safekeeping of forms and other documentation relating to equity and bond ownership, but is an entire discipline which focuses on maximising the efficiency of your asset administration. This, he argues, is like money in the bank! Highly recommended.
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