Model Selection and Operational Design of Financial Asset Management Companies

Author: Huang Zhiling
Publisher:
Publish Date: 2003-06-01
Features: Asset Management, which typically refers to a "trustee business of managing assets on behalf of others." In this sense, any institution or organization primarily engaged in such business can be called an Asset Management Company. In today's international financial market, there are two types of Asset Management Companies: one that conducts normal asset management business, and another that specializes in handling the bad assets of financial institutions. Generally, commercial banks, investment banks, securities companies, and other financial institutions engage in normal asset management business by establishing asset management departments or founding asset management subsidiaries. They belong to the type of asset management business. Based on this normal asset management business being scattered across the operations of financial institutions such as commercial banks, investment banks, insurance companies, and securities brokerage firms, and since textbooks provide detailed introductions, elaborations, and analyses of this normal asset management business, this book does not delve into it extensively. This book focuses on studying financial asset management companies that specialize in handling the bad assets of banks.