Author(s):  
Gary Watt

Trustees must invest in a manner that is prudent and fair, and failure to do so may make them personally liable to compensate for any loss. However, it is difficult to prove a breach of trust, and to prove and quantify the loss suffered by the fund. Even if the trustees admit that they invested imprudently and that the trust fund suffered a loss, there seems to be no effective remedy for improper trustee investment. This chapter deals with trustee investment and shows that the modern trend in trustee investment is towards liberalization, freedom of choice, and the free participation of trust funds in investment markets. After discussing the nature of trustee investment, it considers the goals of trustee investment and the trustees' investment powers. The chapter also analyses types of investment, the trustees' investment duties, liability for improper investment by trustees, and ethical investment.


2019 ◽  
Vol 46 (5) ◽  
pp. 590-598
Author(s):  
Matteo Arena ◽  
David K. Krause

Purpose The purpose of this paper is to suggest best practices for managing a successful student-managed investment program (SMIP) based on the experience of the Marquette University’s Applied Investment Management (AIM) program. Design/methodology/approach The authors provide a detailed description of the program curriculum, instructional design, fund structure, program history, fund performance and student outcomes. Findings Through its experiential learning innovations, focus on ethics and close relationships with a dedicated alumni group, the AIM program prepares students for a successful career in investment analysis. Students who graduate from the AIM program experience a significantly higher successful placement rate and higher compensation at their first post-graduation job than finance major students who graduate outside the program. Originality/value This paper provides a detailed description of the distinguishing characteristics of the AIM program and, in doing so, it offers ideas that could be implemented by other SMIPs to improve student satisfaction, proficiency in investment analysis and employment prospects.


Hypatia ◽  
2002 ◽  
Vol 17 (2) ◽  
pp. 118-132 ◽  
Author(s):  
Iulie Aslaksen

In this paper I discuss various approaches to human motivation, considering how the image of economic actors as motivated by narrow self-interest and greed may be changed to one of self-interest combined with generosity and social responsibility. I draw inspiration from feminist economics as well as from psychological, anthropological and mythological material. As an example, I consider the role of self-interest and generosity as motivating forces for ethical investment.


2002 ◽  
Vol 12 (26) ◽  
pp. 44-55 ◽  
Author(s):  
John Tippet ◽  
Philomena Leung
Keyword(s):  

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