The Financial Institutions and Their Expansion as Urban Landlords
Angus P. J. McIntosh and
Stephen G. Sykes
Chapter 1 in A Guide to Institutional Property Investment, 1985, pp 3-18 from Palgrave Macmillan
Abstract:
Abstract An understanding of the United Kingdom’s financial institutions is a prerequesite to appreciating the growth of institutional property investment. All of us who take out life insurance policies or who contribute on a regular basis towards a pension fund, are involved in the growth of these investing institutions. It has been suggested that the concentration of money into the hands of a relatively few billionaire funds has dramatically increased the financial system’s tolerance to loss making investment decisions. The growth of these funds has been caused by a shift in ownership of capital away from individuals and into investment institutions. The bigger these funds grow in real terms, the bigger the mistakes that can be made without significantly affecting the performance of an individual’s investment policy or contribution to that fund.[1]
Keywords: Investing Institution; Pension Fund; Investment Strategy; Financial Intermediary; Pension Scheme (search for similar items in EconPapers)
Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-07154-8_1
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DOI: 10.1007/978-1-349-07154-8_1
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