IDEAS home Printed from https://ideas.repec.org/h/spr/sptchp/978-3-031-58060-4_12.html
   My bibliography  Save this book chapter

Asset Management

In: Theoretical Foundations of Investment Banking

Author

Listed:
  • Andreas Krause

    (University of Bath)

Abstract

Rather than merely providing advice on investing to their clients, investment banks also offer to manage the funds of clients on their behalf such that investment decisions are taken by the investment bank directly. Clients will seek to delegate their portfolio management partly for convenience but also to make use of the superior information investment banks have about the market and their skills in managing portfolios. Asset management is an important service investment banks offer to wealthy clients and institutional investors. Apart from generating stable fee income for investment banks, it also serves as a tool to maintain personal contacts to investors, who are often in leading positions of companies that would be potential clients in other business lines, such as securities underwriting and mergers and acquisitions advisory. They might also be using financial innovations to optimise their tax position or hedge-specific risks. However, investment banks also face competition in this line of business from many private banks and investment consultancies.

Suggested Citation

  • Andreas Krause, 2024. "Asset Management," Springer Texts in Business and Economics, in: Theoretical Foundations of Investment Banking, chapter 12, pages 177-181, Springer.
    • Handle: RePEc:spr:sptchp:978-3-031-58060-4_12
    DOI: 10.1007/978-3-031-58060-4_12
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sptchp:978-3-031-58060-4_12. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.