000			04539cam a2200349 a 4500
008			100729s2011 njua b 001 0 eng
020			_a9780470615768
020			_a0470615761
040			_aSDU
050	0	0	_aHG4971 _bB223 S 2011
100	1		_aBares, Brian T., _9202653
245	1	4	_aThe small-cap advantage : _bhow top endowments and foundations turn small stocks into big returns / _cBrian T. Bares.
260			_aHoboken, N.J. : _bWiley, _c2011.
300			_a187 p. : _bill.
490	1		_a[Wiley finance]
505	0	0	_tThe Small-Cap Advantage -- _tTwo Sources of Outperformance -- _tSmall-Cap Definitions -- _tThe Outperformance of Small-Cap Stocks -- _tOutperformance within the Small-Cap Space -- _tChapter Summary -- _tSmall-Cap Disadvantages -- _tResearch -- _tTrading -- _tThe Small-Cap Graveyard and Reverse Survivorship Bias -- _tCapping Assets -- _tChapter Summary -- _tSmall-Cap Investment Philosophy and Process -- _tInstitutional Approach -- _tPassive and Enhanced Indexing in Small-Cap Stocks -- _tActive Management in Small-Cap Stocks -- _tChapter Summary -- _tSmall-Cap Manager Organization -- _tCreating Value for the Manager -- _tLaunching a Small-Cap Firm -- _tInvestment Team -- _tChapter Summary -- _tThe Fund-Raising Process -- _tGeneral Marketing Strategy -- _tInstitutional Clients -- _tFoundations and Endowments -- _tConsulting Firms
505	0	0	_tPension Plans -- _tHigh-Net-Worth Individuals -- _tWrap Fee and Other Subadvisory Relationships -- _tDatabases -- _tThird-Party Marketers -- _tThe Chicken-and-Egg Problem -- _tChapter Summary -- _tFees, Agency Issues, and Other Performance Drags -- _tCommon Performance Drags -- _tFrictional Costs in Small Caps -- _tInstitution-Manager Agency Issues -- _tAgency Issues in Trading -- _tBenchmark Tyranny -- _tCommingled and Separate Accounts -- _tChapter Summary -- _tSmall-Cap Managers and the Endowment Model -- _tThe Endowment-Model Approach to Small Caps -- _tFinding an Edge -- _tFunding Smaller Managers -- _tFunding Emerging Managers -- _tFinding Emerging Managers -- _tChapter Summary -- _tEvaluating Small-Cap Managers -- _tInstitutional Due Diligence Teams -- _tAssessing Manager Risk -- _tAssessing Investment Philosophy -- _tAnalyzing a Manager's Process -- _tEvaluating Firm Principals -- _tAssessing Manager Operations -- _tContributions and Withdrawals -- _tChapter Summary.
505	0	0	_tHKBU library
518			_aYT2025 M09
520			_aThe historical returns of small-cap stocks have exceeded those of mid-cap and large-cap stocks over long time periods. The additional return experienced by small-cap investors has occurred despite inherent disadvantages in the asset class.
520			_aThe excess return available from small-cap stocks can help large foundations, endowments, and other similar institutional investors overcome the drag of inflation and the drain of annual spending. These institutional investors are in a unique position to fund new and often untested managers who are in the best position to benefit from the return premium of small-cap stocks and from the relative lack of professional participation in the space.
520			_aThe Small-Cap Advantage: How Top Endowments and Foundations Turn Small Stocks into Big Returns is a must-have book for aspiring and existing small-cap managers and the institutions that would hire them. It is an insider's account of institutional small-cap investing. The book details the investment, fundraising, and operational challenges encountered by small-cap managers.
520			_aThe Small-Cap Advantage helps aspiring small-cap managers understand the state of the institutional investment management industry. It debunks the notion that small-cap managers who lack long track records or high levels of assets under management are undeserving of institutional funding. It explains the fundraising process for aspiring small-cap managers and how they can handle many of the challenges that come with successfully increasing strategy assets.
520			_aThe Small-Cap Advantage provides endowment-model institutions with a deeper understanding of the unique issues faced by specialist boutique managers who focus on the small-cap space. It will also assist institutional due diligence teams in their evaluation of small-cap managers. --Book Jacket.
650		0	_aSmall capitalization stocks. _9202654
650		0	_aInstitutional investors. _9187693
650		0	_aEndowments _xFinance. _9202655
650		0	_aPortfolio management.
650		0	_aInvestment advisors.
900			_a= C.1 SDU
942			_cGBE _2lcc
999			_c106591 _d106591