Article Abstract:
Securities lending is emerging to be an independent business. Corollary to this is the development of different types of lenders: custody banks, brokers/dealers, investment advisers and independents. The separation of custodian bank lending and securities lending was brought about by the realization that lending is an investment management product calling for sophisticated skills. Lending specialists and cash management specialists will emerge as two different disciplines but lenders with access to information will survive.
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Article Abstract:
Pension funds planning to diversify corporate portfolios with non-US investments may need the services of investment managers with more comprehensive knowledge of the investment environments in the global market. This may be beneficial since instruments, approaches, performance measurements and administration practices may differ worldwide. Thus, an international investment manager should possess skills in asset class allocation, security selection research and desired investment approach.
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Article Abstract:
Plan sponsors can effectively develop investment policies and perform their fiduciary responsibilities if they are using their investment management consultants properly. Tips are offered on the best ways to utilize consultants, hire them, evaluate their incremental return and terminate the consulting relationship.
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