Retrospectives: John Maynard Keynes, Investment Innovator
John Maynard Keynes made a major contribution to the development of professional investment management. Based on detailed archival research at King's College, Cambridge, we describe Keynes' investment philosophy, his investment performance, and the evolution of his investment approach as the manager of a large educational endowment. His portfolios were actively managed and unconventional. He was an investment innovator both in making a substantial allocation to the then new institutional asset class of common stocks as well as in championing value investing.
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Volume (Year): 27 (2013)
Issue (Month): 3 (Summer)
Pages: 213-28
| Handle: | RePEc:aea:jecper:v:27:y:2013:i:3:p:213-28 |
| Note: | DOI: 10.1257/jep.27.3.213 |
| Contact details of provider: | Web page: https://www.aeaweb.org/jep/ Email: More information through EDIRC
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References listed on IDEAS
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- J. E. Woods, 2013. "On Keynes as an investor," Cambridge Journal of Economics, Oxford University Press, vol. 37(2), pages 423-442.
- Martijn Cremers & Antti Petajisto, 2006. "How Active is Your Fund Manager? A New Measure That Predicts Performance," Yale School of Management Working Papers amz2370, Yale School of Management, revised 01 May 2009.
- Jacqueline Cox, 1995. "Keynes: An Archivist's View," History of Political Economy, Duke University Press, vol. 27(5), pages 163-175, Supplemen.
- Acharya, Shanta & Dimson, Elroy, 2007. "Endowment Asset Management: Investment Strategies in Oxford and Cambridge," OUP Catalogue, Oxford University Press, number 9780199210916, December.
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