Principles and Policies for In-House Asset Management

14 Pages Posted: 29 Nov 2017

See all articles by Gordon L. Clark

Gordon L. Clark

Oxford University - Smith School of Enterprise and the Environment

Ashby Monk

Stanford University

Multiple version iconThere are 2 versions of this paper

Date Written: November 21, 2013

Abstract

Spurred on by the recent financial crises, a growing number of institutional investors are working to bypass traditional financial intermediaries, agents and centers through the development of in-house teams of investment professionals. As such, the institutional investment community, which is often characterized by broadly diversified and outsourced organizations, is becoming much more involved in the day-to-day asset management of their portfolios. Research shows that this new path offers a variety of important benefits, including higher net-of-fee returns. And yet, there remain significant pitfalls as well. In this paper, we outline the challenges facing would-be “in-sourcers” and offer a series of principles and policies for effective in-house asset management. Drawing on 20 case studies, we conclude that successful in-house asset management is a function of the people, processes, systems and overall resources at the disposal of management. of the people, processes, systems and overall resources at the disposal of management.

Suggested Citation

Clark, Gordon L. and Monk, Ashby, Principles and Policies for In-House Asset Management (November 21, 2013). Journal of Financial Perspectives, Vol. 1, No. 3, 2013, Available at SSRN: https://ssrn.com/abstract=3078016

Gordon L. Clark (Contact Author)

Oxford University - Smith School of Enterprise and the Environment ( email )

South Parks Road
Oxford, OX1 3QY
United Kingdom
+44 1865 285197 (Phone)
+44 1865 285073 (Fax)

HOME PAGE: http://www.geog.ox.ac.uk/staff/glclark.html

Ashby Monk

Stanford University ( email )

United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
107
Abstract Views
883
rank
21,645
PlumX Metrics