Inside the elite investment firm The Capital Group is one of the world's largest investment management organizations, but little is known about it because the company has shunned any type of publicity. This compelling book, for the first time, takes readers inside one of the most elite and private investment firms out there-the Capital Group Companies-a value investment firm par excellence. It digs deeps to reveal the corporate culture and long-term investment strategies that have made Capital the one organization where most investment professionals would like to work and would most recommend as long-term investment managers for their family and friends. Charles D. Ellis (Greenwich, CT) was managing partner of Greenwich Associates, the leading worldwide strategy consultant and is the author of the bestselling Winning the Loser's Game.

Reviews

“…an excellent book…valuable reading for any professional…” (Professional Investor)

“Mr Ellis has an ear for anecdote and figures that speak for themselves.” (Financial Times)

"...[Wiley] will publish an astonishing account of how Capital has built one of the best track records..." (The Times)

Table of Contents

Foreword.Introduction.Chapter 1. The Founding.Chapter 2. Staying Alive.Chapter 3. the Multiple-counselor System.Chapter 4. Organizing the Core.Chapter 5. Mutual Fund Distribution.Chapter 6. Crossing the Rubicon: Capital Group.Chapter 7. Shareholder Services.Chapter 8. Acquisitions and Start-Ups.Chapter 9. Capital Guardian Trust Company.Chapter 10. Global Investing.Chapter 11. Emerging Markets.Chapter 12. Managing People.Chapter 13. Management.Chapter 14. Compensation.Chapter 15. Investing.Afterword.Appendix I. Summary Statement of Corporate Objectives and Goals.Appendix II. Outline of Basic Managerial Beliefs.Appendix III. Growth of the Capital Group Companies, Inc.Index.

Author Biography

CHARLES D. ELLIS is a recognized expert on investment management. For thirty years, he was managing partner of Greenwich Associates, the leading worldwide strategy consultant to the investment industry, where he developed close working relationships with senior executives at most of the major investment firms in the United States, Canada, England, Japan, Germany, and Australia. His other activities have included teaching the investment management course at both the Yale School of Management and Harvard Business School; and chairing the CFA Institute. He currently serves as a Director of Vanguard; advising some of the world's largest Investing institutions; and chairing the investment committees at the Whitehead Institute and Yale University. Among his ten prior books is Winning the Loser's Game. He is one of only ten individuals honored for lifetime contributions to the investment management profession.