Fiduciary Finance

这项对机构投资的多方面分析定义了“信托”
金融机构是金融体系的第三支支柱
banks and insurers. It documents the role played by investment funds
and the money management industry during the recent financial crisis,
并对业务学科无关紧要
which can dominate investment practices. It clarifies the economic
投资行业的意义（大约60万亿美元的资产）和
将信托融资与传统财务区分开的功能
银行和保险公司等机构。

马丁·金（Martin Gold）回顾了投资的知识基础
学科并将文献综合为主要的科学
范式。他探索法律框架（保诚投资
standards) that govern mainstream portfolio management practices
which, combined with the commercial imperatives of the investment
行业，可以与教科书描述产生明显的差异
投资管理。最近的事件再次受到质疑
如今无处不在的集体投资（例如养老金）的价值
资金和共同基金以及金融市场的诚信。给出
the trillions of government funds which have been committed to financial
救助和投资者经历的波动，作者断言
对信托财务的批判性分析必须质疑是否更好
可以实现成果。说明大多数信托金融机构
remain outside the perimeter of macro-prudential regulations.

这项具有挑战性和多学科的工作有望提供
fascinating read for academics focusing on economics and finance,
货币和银行业以及投资和金融服务
practitioners, policymakers and market regulators.