Jim Ware - Investment Leadership: Building a Winning Culture for Long-Term Success (Wiley Finance)

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More Praise for
INVESTMENT LEADERSHIP

"After 30 years as an active participant/observer of the investment management profession, I've seen every conceivable organizational structure, personality type, and management style. Or so I thought! Investment Leadership marshals a prodigious quantity of theoretical and empirical insights into the investment industryhow it works and who makes it work. Portraits of the characters who lead the firms made me envious, amused, and generally charged up to do a better job at my own firm. Ware, Michaels, and Primer observe people in top positions doing the right thing well."

Theodore Aronson, Chair of the AIMR Board of Governors

"Investment managers tend to be a lot better at investing than at managing. This is unfortunate because investment success flows from quality leadership, culture, and creativity. Investment Leadership provides money managers with the necessary tools, diagnostics, and examples to improve their organizationsand their alphas."

Michael J. Mauboussin, Chief U.S. Investment Strategist,

Credit Suisse First Boston

"Given that ours is a business of nurturing and managing human capital, this book provides a systematic framework with pragmatic exercises that will generate a meaningful impact on performance. A 'must read' for anyone seeking to create a culture that will survive market cycles and deliver value to clients."

Keith F. Karlawish, CFA, President and CIO, BB&T,
Asset Management, Inc.

"According to the SEC there are 7,468 Registered Investment Advisors in the United States managing almost $1 trillion. How is it that when America's leading firms are cited not one of this very sizable group generally makes the list? Investment Leadership documents how and why the leadership vacuum that exists in the investment management industry has left the industry in a particularly precarious position. But, not content to simply document the leadership gap, Ware has identified the critical qualities and best practices of investment management leaders who have set the standard. This book should be required reading for all of us in the investment management industry."

Margaret M. Eisen, CFA and Chair, The Institute for Financial Markets

"Investment Leadership is a nice, easy-to-read compendium of thoughts, ideas, and insights into the cultural aspects of investment organizations. The authors provide a broad landscape for the interested reader to traverse while seeking their own vantage point."

Gary P. Brinson, CFA, GP Brinson Investments

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"There are a lot of books written about investment people and their investment processes, but finally here is a book studying the environment and culture that these investment professionals work within on a daily basis. The environment alone provides for a portion of the excellence that these individuals achieve, and this book is an excellent read on that fascinating part of the business."

Stephen Kneeley, President, Turner Investment Partners

"It's not managers, but leaders who are in short supply in the investment management industry. This book provides food for thought and a roadmap for defining leadership and building a values-based organization."

Susan B. Fowler, Managing Director, Russell Reynolds Associates, Inc.

"Investment Leadership is an entertaining, easy-to-read, and practical guide to the critical factors for successfully leading investment organizations. It is a 'must read' for anyone responsible for managing investment professionals."

Richard S. Lannamann, Vice Chairman, Spencer Stuart

"Finally, a book that focuses on what really matters: people and relationships. To lead a truly successful organization, you can't just focus on the numbers. You must nurture and create a culture that will help your firm thrive in any market condition. This book offers practical and actionable items to get you started."

James C. Tyree, Chairman and CEO, Mesirow Financial

"As the investment management industry transitions from a craft to a business, developing the right culture and leadership will be key factors of sustainable success. Investment Leadership provides a comprehensive roadmap for those management teams seeking to tackle the challenge of building a best-of-class investment organization and understanding the links between leadership, culture, and organizational purpose."

Paul Schaeffer, Managing Director, SEI Investments

"Investment Leadership gets to the heart of what creates a winning investment organization over the long term: a strong focus on the culture. The authors have done an exhaustive job of chronicling how successful organizations have turned that into their competitive advantage. This is a timely and informative book for managers in today's challenging environment."

John Ballen, CEO, MFS Investment Management

"Investment Leadership demonstrates effectively how cultures instilled by gifted leaders create successful investment management firms. This book is quite accessiblereplete with numerous specific examples culled from multiple interviews of and articles by current industry practitioners. The insight derived from reading it should help elevate the activity of managing these firms from a pastime to a profession."

Stephen B. Timbers, President, Northern Trust Global Investments

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Investment Leadership

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For a list of available titles, visit our Web site at www.WileyFinance.com .

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Building a Winning Culture for Long-Term Success

JIM WARE