KIC000070 - Portfolio Overview FIN 428 Prof Hood Overview...

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Portfolio Overview FIN 428 Prof. Hood Overview of the Investment Management Process o Regardless of the type of financial institution, the investment management process involves the following five steps: i, setting investment objectives ii. establishing investment policy iii.selecting a portfolio strategy iv. selecting assets v, measuring and evaluating performance Objectives What should be the biggest determinant of your objectives? lio. .l::i\ \',~":;, What types of institutional investors have more flexibility than others? Will the remaining parts of the management process be determined by this? 1
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General Principles of Asset/Liability Management .:. Classification of Liabilities :;- The descriptions of'cash outlays as either known or uncertain are undoubtedly broad. >- When we refer to a cash outlay as being uncertain, we do not mean lila! it cannot be predicted. >- There are some liabilities for which "law oflarge numbers" makes it easier to predict the timing and/or amount
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This note was uploaded on 09/06/2011 for the course FIN 428 taught by Professor Hood during the Fall '11 term at Iowa State.

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KIC000070 - Portfolio Overview FIN 428 Prof Hood Overview...

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