The small-cap advantage: how top endowments and foundations turn small stocks into big returns

INDICE: 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 andReverse 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. Chapter5 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.

• ISBN: 978-0-470-61576-8
• Editorial: John Wiley & Sons
• Encuadernacion: Cartoné
• Páginas: 208
• Fecha Publicación: 12/01/2011
• Nº Volúmenes: 1
• Idioma: Inglés