Reframing Finance: New Models of Long-Term Investment Management

by Ashby H.B. Monk, Duncan L Sinclair, Rajiv Sharma

Since the 2008 financial crisis, beneficiary organizations-like pension funds, sovereign wealth funds, endowments, and foundations-have been seeking ways to mitigate the risk of their investments and make better financial decisions. For them, Reframing Finance offers a path forward.

This book argues that institutional investors would better serve their long-term goals by putting money into large-scale, future-facing projects such as infrastructure, green energy, innovation in agriculture, and real estate development. At the same time, redirecting long-term investments would close significant financial gaps that government cannot. Drawing on key contributions in economic sociology, social network theory, and economics, the book conceptualizes a collaborative model of investment that is already becoming increasingly common: Large investors contribute more directly to private market assets, while financial intermediaries seek to foster co-investment partnerships, better aligning incentives for all. A combination of rich case studies and rigorous theory enables asset owners to move toward more efficient, private-market investing, while also laying groundwork for research at the frontier of finance.

• Format: Paperback
• Language: English
• ISBN: 1503611604
• ISBN13: 9781503611603
• Release Date: September 2019
• Publisher: Stanford Economics and Finance
• Length: 216 Pages
• Weight: 0.71 lbs.
• Dimensions: 0.5" x 6.0" x 9.0"