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Active Index Investing  For over three decades, both institutional and individual investors have increasingly accepted indexing, index benchmarks and the investment products that track them. Through this process, indexing has become a driving force in the transformation of investment strategy from a subjective art to a more appropriate blend of art and science.  Yet many investors' understanding of the sophistication of this burgeoning field has lagged behind the growing use of index products. Active Index Investing aims to close that gap, and provides a comprehensive review of the theories, products and strategies that have enabled investors to benefit from the 'indexing revolution' that contiues to gain momentum around the world. And this website aims to supplement the book's 31 chapters with updated data, additional content and sidebars, and an opportunity for your feedback. I hope you find both the book, which was recently published in Japanese, and it's E-ppendix informative and useful. |
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FIVE BOOKS IN ONE
PRAISE FOR THE BOOK
“For those who already know that “active indexing is not an oxymoron,” as Steven states early on in this important book, Active Index Investing will be a revelation of the depth to which indexing is an active, robust investment approach. And for those who haven’t yet fully embraced the concept of indexing, Steven’s and the numerous contributors’ insights demonstrate the myriad of possibilities for constructing sophisticated investment strategies that place “indexing at the core.”
—Terry Toth
President
Northern Trust Global Investments
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FEATURED CONTRIBUTOR
 Mark J.P. Anson
Chief Executive Officer
Hermes Pensions Management Ltd.
Mark Anson is the Chief Executive Officer of Hermes Pensions Management Ltd in London. Hermes manages over £60 billion for pension funds and other institutional clients across the asset classes of international equity, emerging markets, global bonds, real estate, private equity, commodities and hedge funds. He is responsible for a staff of 300 and a budget of £60 million. Mark was formerly the Chief Investment Officer for the California Public Employees’ Retirement System (CalPERS) where he oversaw the growth in assets from $127 billion to $201 billion. At CalPERS, Mark had full responsibility for the strategic plan for CalPERS’ Investment Office including tactical and strategic asset allocation, risk management, business development, budget authority, new investment programs, trading technology, staffing, and back office operations. His responsibilities included an operating budget of $410 million and the generation of $7 billion in annual benefit payments. Mark received a scholarship to attend the Northwestern University School of Law in Chicago where he received his law degree and graduated with honors as the Executive/Production Editor of the Northwestern University Law Review. Mark also received a scholarship to attend the Columbia University Graduate School of Business in New York City where he received both his Ph.D. and Masters in Finance, again with honors, as Beta Gamma Sigma. Mark graduated With Distinction from St. Olaf College in Minnesota with a double major in Economics and Chemistry. Mark has also been honored with the Distinguished Scholar Award from the Institute of International Education and Fulbright Foundation as well as the 2004 Best Paper award from the Journal of Portfolio Management. Mark is a licensed attorney and a member of the New York and Illinois State Bar Associations. He has also earned the Chartered Financial Analyst, Chartered Alternative Investment Analyst, Certified Public Accountant, Certified Management Accountant, and Certified Internal Auditor professional degrees. Last, Mark has received the Series 3, 4, 7, 8, 24, and 63 NASD securities industry licenses. Mark is the author of the Handbook of Alternative Assets as well as three other financial textbooks and has published over 80 research articles on the topics of corporate governance, hedge funds, real estate, currency overlay, credit risk, private equity, risk management, and asset allocation. Mark is CalPERS’ primary speaker at investment conferences around the world on these topics. Further, Mark sits on editorial and advisory boards for The Journal of Portfolio Management, The Journal of Alternative Investments, The Journal of Private Equity, The Journal of Investment Consulting, and The Journal of Derivatives Accounting.
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