Life Office Investment 1900–1960 and John Maynard Keynes

Nigel Edward Morecroft

Chapter 5 in The Origins of Asset Management from 1700 to 1960, 2017, pp 143-189 from Palgrave Macmillan

Abstract: Abstract Keynes, a world famous economist, was a prolific and skilled asset manager involved in a range of different investing activities. As chairman of the National Mutual, a life office, he was an investment visionary: he provided insurance companies with an investment blueprint for their future success and he was a successful, innovative investor despite occasional difficulties after the 1929 Crash. Keynes, helped by Harold Raynes (Actuary at Legal & General), beneficially influenced the path of asset management after 1919, particularly within life offices, but life offices could have been more successful as investing institutions had they listened to Keynes more carefully and acted more decisively. By the time of Keynes’ death in 1946, insurance company investment practice was changing.

Keywords: Government Bond; Asset Allocation; Investment Portfolio; Investment Policy; Asset Class (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psitcp:978-3-319-51850-3_5

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DOI: 10.1007/978-3-319-51850-3_5

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