Investment Manager Analysis provides readers with a broad framework that covers the investment manager due diligence process from initial screening to analytical techniques, interviewing skills, and legal and contract negotiations. As it guides the reader through the selection process, it clearly demonstrates a variety of mechanisms for monitoring and tracking investment managers and the underlying investment portfolios.
According to statistics collected by Standard & Poor’s and presented in its annual Money Management Directory, there were just over 13,000 investment advisers managing money in the United States at the end of 2002. Nearly a quarter of those firms managed more than $100 million in assets. Some are of these investment companies are large, well-known firms with dozens and sometimes hundreds or even thousands of employees and with client bases spread out across the globe; others are small oneor two-person shops that service a more localized clientele. The products they manage range from publicly traded mutual funds to commingled trusts to separate accounts designed for individual clients. In addition, the product mix is quite diverse, covering a myriad of asset classes that differ across capitalization ranges, geographical boundaries, risk levels, and a variety of other classifications.