This book focuses on all major aspects of the asset management industry including its regulations, strategies, processes, applied technologies, and risks. It provides a serious resource for readers seeking greater depth and alternative opinions on specific industry developments, and breadth for specialists interested in the dynamics of the industry

PART I: GLOBAL ASSET MANAGEMENT - INTRODUCTION AND OVERVIEW 1. The Asset Management Industry Dynamics of Growth, Structure and Performance; Ingo Walter 2. What do we Know about the Mutual Fund Industry?; Massimo Massa PART II: THE CRISIS OF 2007-2008 AND ITS AFTERMATH 3. Macroeconomic Perspectives on the Financial Crisis and its Aftermath; Ole Risager 4. Some Lessons from CDO Markets on Mathematical Models; David Lando 5. The Credit Crisis of 2007 and its Implications for Risk Management; John Hull 6. After the Storm: Four Innovations Changing Investment Management; Adam Schneider 7. Avoiding International Financial Crises: An Incomplete Reform Agenda; Jean Dermine PART III: KEY RISK FACTORS IN ASSET MANAGEMENT 8. Managing Growth and Strategic Risk; Mathias Schmit and Lin-Sya Chao 9. Wall Street's Management of Risks – Why it Failed; John H. Biggs 10. Reputational Risk and the Financial Crisis; Ingo Walter 11. Risk Management for Pension Funds and Endowments; Aaron Brown 12. A Stitch in Time…; Kosrow Dehnad PART IV: REGULATIONS AND GOVERNANCE 13. Corporate Governance and the Financial Crisis; Steen Thomsen 14. Governance and the Financial Crisis: More Convergence, Less Risk?; Renée Adams 15. Financial Regulation and Risk Governance; Caspar Rose 16. Game Change in Asset Management; Karel Lannoo and Mirzha de Manuel Aramendía 17. The Asset Manager's Guide to Sustainable Regulatory Advantage; Anders Bidsted Andersen and Carsten Kunkel PART V: OPERATIONAL PROCESSES AND COSTS 18. The Interrelationships between Processes, Costs and Risks in Asset Management; Michael Pinedo 19. A Best Practices Framework for Operational Infrastructure and Controls in Asset Management; Ümit Alptuna, Manos Hatzakis and Reha Tütüncü 20. Managing Costs at Investment Management Firms; Adam Schneider 21. Strategic and Tactical Cost Management in the Asset Management Industry; Marcelo Cruz 22. Transaction Costs and Asset Management; Yakov Amihud and Haim Mendelson PART VI: OPERATIONAL PLATFORMS AND IT STRATEGIES 23. Operational Platform and Growth: A Strategic Challenge; Jacob Elsborg 24. Addressing the Data Management Challenge in Asset Management; Howie San 25. The Use of Advanced Technology in Global Asset Management; Anders Kirkeby 26. Fit-for-Future Enterprise Architecture: Supporting Strategic Business Challenges; Marc Schröter PART VII: FUTURE CHALLENGES AND GROWTH 27. The Strategic Imperative of Creating and Capturing Value; Paul Verdin 28. Check or Checkmate? Game-Changing Strategies for the Asset Management Industry; Martin Huber, Philipp Koch and Johannes Elsner 29. Designing Products for Reluctant Investors: Applications of Behavioral Finance; Alistair Byrne 30. Current and Future Challenges Faced by Investment Funds; Martin Gruber 31. Current and Future Challenges Faced by Asset Managers; Stephen J. Brown 32. Current and Future Challenges Faced by Pension Funds; Massimo Massa