Multi-Asset Class Investment Strategy

The book explains that instead of asset allocation being set in an isolated and arbitrary fashion, it is in fact the way in which specific hurdle investment returns can be targeted, and that this approach is already in use in the US (and has been for many years). It involves extended and detailed financial analysis of various asset class returns and proposes a five-asset class approach for future use.

Opening with a study of the historic asset allocation practice of UK pension funds, the book shows how the current approach has led to the present funding crisis. It goes on to compare and contrast the UK approach with that of the US and to propose a new approach to UK asset allocation: the five asset class approach ("MAC Investing”).

The book reviews and analyses different asset classes based on historic returns, examines risk, and concludes with a suggestion of the five asset classes to use; Quoted equities (both Domestic and foreign), hedge funds, private equity and property. This book also includes benchmark performance figures never previously published.

REVIEWS:

"…pension fund trustees right around the globe should read the book…the book is certain to stir up some much needed debate…" (Global Pensions, July 2006)

"…an indispensable roadmap for anyone looking to create a successful investment programme…" (The Securities Investment Review, July 2006)

"…a popular choice…drawing on over 20 years of experience…" (Pensions Management, July 2006)

"clear and punchy…argues convincingly…this book cannot but help to clarify your thinking." (Benefits and Compensation International, August 2006)

"On the other side of the fence…Guy Fraser-Sampson…the lack of interest in the Yale model." (Financial Times, November 2006)
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