Professional Money Managers and Their Influence in Financial Markets

Explore a comprehensive lecture on the crucial role of professional money managers in the economy and society. Delve into the fiduciary duties of investment managers, focusing on the "prudent person rule" and its limitations. Examine various forms of institutional money management, including mutual funds, trusts, and pension funds. Trace the history of pension funds and understand the differences between defined benefit and defined contribution plans. Investigate endowment management, family offices, and family foundations. Gain insights into modern societal changes in a capitalist world and their impact on financial markets. Learn about the assets and liabilities of U.S. households and nonprofit organizations, and compare mutual fund environments in the U.S. and Europe.

- Chapter 1. Assets and Liabilities of U.S. Households and Nonprofit Organizations.
- Chapter 2. Human Capital and Modern Societal Changes.
- Chapter 3. The Fiduciary Duty of Investment Managers.
- Chapter 4. Financial Advisors, Financial Planners, and Mortgage Brokers .
- Chapter 5. Comparison of Mutual Funds between the U.S. and Europe.
- Chapter 6. Trusts - Providing the Opportunity to Care for Your Children.
- Chapter 7. Pension Funds and Defined Contribution Plans.
- Chapter 8. History of Endowment Investing.
- Chapter 9. Family Offices and Family Foundations.