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Fiduciary finance: Investment funds and the crisis in financial markets

Book


Abstract


  • This multi-faceted analysis of institutional investment defines 'fiduciary finance' institutions as the third pillar of the financial system, alongside banks and insurers. It documents the role played by investment funds and the money management industry during the recent financial crisis, and provides an unashamedly critical review of the business disciplines which can dominate investment practices. It clarifies the economic significance of the investment industry (circa $60 trillion in assets) and the features which differentiate fiduciary finance from traditional financial institutions such as banks and insurers. © Martin Gold 2010. All rights reserved.

Publication Date


  • 2010

Citation


  • Gold, M. (2010). Fiduciary finance: Investment funds and the crisis in financial markets.

International Standard Book Number (isbn) 13


  • 9781848448957

Scopus Eid


  • 2-s2.0-84881829350

Web Of Science Accession Number


Abstract


  • This multi-faceted analysis of institutional investment defines 'fiduciary finance' institutions as the third pillar of the financial system, alongside banks and insurers. It documents the role played by investment funds and the money management industry during the recent financial crisis, and provides an unashamedly critical review of the business disciplines which can dominate investment practices. It clarifies the economic significance of the investment industry (circa $60 trillion in assets) and the features which differentiate fiduciary finance from traditional financial institutions such as banks and insurers. © Martin Gold 2010. All rights reserved.

Publication Date


  • 2010

Citation


  • Gold, M. (2010). Fiduciary finance: Investment funds and the crisis in financial markets.

International Standard Book Number (isbn) 13


  • 9781848448957

Scopus Eid


  • 2-s2.0-84881829350

Web Of Science Accession Number