Capital The Story of Long-Term Investment Excellence

by Ellis, Charles D.

• ISBN13: 9780471735878
• ISBN10: 0471735876
• Edition: 1st
• Format: Paperback
• Copyright: 2005-09-08
• Publisher: Wiley

Summary

Go inside the elite investment firm with Capital.The Capital Group is one of the worlds largest investment management organizations, but little is known about it because the company has shunned any type of publicity. This compelling book, for the first time, takes you inside one of the most elite and private investment firms out there–the Capital Group Companies–a value investment firm par excellence. It digs deeps to reveal the corporate culture and long-term investment strategies that have made Capital the one organization where most investment professionals would like to work and would most recommend as long-term investment managers for their family and friends.

Author Biography

CHARLES D. ELLIS is a recognized expert on investment management. For thirty years, he was managing partner of Greenwich Associates, the leading worldwide strategy consultant to the investment industry, where he developed close working relationships with senior executives at most of the major investment firms in the United States, Canada, England, Japan, Germany, and Australia. His other activities have included teaching the investment management course at both the Yale School of Management and Harvard Business School; and chairing the CFA Institute. He currently serves as a Director of Vanguard; advising some of the world's largest Investing institutions; and chairing the investment committees at the Whitehead Institute and Yale University. Among his ten prior books is Winning the Loser's Game. He is one of only ten individuals honored for lifetime contributions to the investment management profession.

Table of Contents

Foreword	xi
Introduction	1	(8)
CHAPTER 1. The Founding	9	(16)
CHAPTER 2. Staying Alive	25	(10)
CHAPTER 3. The Multiple-Counselor System	35	(14)
CHAPTER 4. Organizing the Core	49	(12)
CHAPTER 5. Mutual Fund Distribution	61	(30)
CHAPTER 6. Crossing the Rubicon: Capital Group	91	(10)
CHAPTER 7. Shareholder Services	101	(22)
CHAPTER 8. Acquisitions and Start-Ups	123	(16)
CHAPTER 9. Capital Guardian Trust Company	139	(26)
CHAPTER 10. Global Investing	165	(20)
CHAPTER 11. Emerging Markets	185	(16)
CHAPTER 12. Managing People	201	(22)
CHAPTER 13. Management	223	(26)
CHAPTER 14. Compensation	249	(16)
CHAPTER 15. Investing	265	(26)
Afterword	291	(10)
APPENDIX I Summary Statement of Corporate Objectives and Goals	301	(6)
APPENDIX II Outline of Basic Managerial Beliefs	307	(2)
APPENDIX III Growth of The Capital Group Companies, Inc.	309	(2)
Index	311