"A compelling analysis of the challenges of investment
management, and why investment management firms require innovation
?Blake Grossman, CEO, Barclays Global Investors
"Great investment managers understand that positioning
portfolios for clients should not be an act of conformity, but
rather a constant journey of shifting fundamentals and opinion.
Wayne and Ralph bring this fact to life by addressing some of the
key challenges to serious investment thinking, using top-level
researchers in their respective fields. For those investment
managers and clients who want to go beyond the ordinary."
?Jeff Diermeier, former CEO of CFA Institute and retired CIO of UBS Global Asset Management
"The essays in this book provide an invaluable reference point
of serious readings for money managers. The works provide the
analyst with the most recent scholarship in a single book,
presenting ideas and philosophy that will lead me back to its
various sections time and time again."
?Kenneth S. Hackel, CFA, President, CT Capital LLC
"The crash of 2007?2009 brought a harsh conclusion to a
quarter of a century of unprecedented growth and prosperity for the
investment management industry, which faces no less a task than
reinventing itself. Rieves' and Wagner's contribution to the way
forward couldn't be timelier."
?Richard Ennis, Principal, Ennis Knupp + Associates
"This book uniformly focuses on the best practices to which
investment management professionals should commit. I highly
recommend this book to investment managers, sales people, and
trustees of pensions, endowments, trusts, and mutual funds."
?Jack Clark Francis, PhD, Professor of Economics and Finance, Bernard Baruch College