The Politics of Public Fund Investing: How to Modify Wall Street to Fit Main Street

by Ben Finkelstein

Book Overview

Until now, there has never been a book to help public fund managers direct fixed-income portfolios while simultaneously balancing politics, or the need to preserve principal, with economics, or the need to optimize income. The Politics of Public Fund Investing approaches public fund management from the lay perspective, providing much-needed guidance to modify Wall Street strategies to serve the needs of Main Street.

If you manage a...

• Format: Hardcover
• Language: English
• ISBN: 074326729X
• ISBN13: 9780743267298
• Release Date: March 2006
• Publisher: Atria Books
• Length: 208 Pages
• Weight: 0.86 lbs.
• Dimensions: 0.8" x 6.3" x 9.3"

Customer Reviews

A guide written especially for public fund managers directing fixed-income portfolios

The Politics Of Public Fund Investing: How To Modify Wall Street To Fit Main Street by Ben Finkelstein (Senior Managing Director of Public Funds for Stanford Group Company) is a guide written especially for public fund managers directing fixed-income portfolios, all the while balancing political/ethical considerations with economic/financial ones. Chapters cover how to optimize income and minimize risk; how to align one's portfolio so that it does not violate one's politics; how to profit from losses; callable securities and public fund analytics; and much more. A glossary and index round out this no-nonsense guide especially recommended for novice to intermediate investors.

Super Book!

This is a one-of-a-kind book for individuals who manage investment portfolios for state and local governments. Ben's insight on the vast difference between "Main Street" portfolio management and Wall Street way is right on the mark. The book helps government investment professionals communicate important information to their governing boards. It conveys that the return of principal is more important than the return on principal. This is a must read for the thousands of government treasury professionals.

I VOTE.

Although I admittedly lack a career in politics or a keen understanding of investment strategy, I found this book surprisingly compelling, readable, and relevant. Irrespective of one's professional affiliations, Mr. Finkelstein's revolutionary ideas are highly pertinent to all voters and thoughtful individuals seeking to gain a clearer understanding of how their tax dollars are managed and invested. I highly recommend this book, The Politics of Public Funds.