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ACE Investment Management Company /

ACE Investment Management was founded on 30th August 2019. Although the founders always intended to pursue an active investment strategy, they followed a passive investment approach for the first few months by investing in the STOXX Europe 600 index. But in early February 2020, they temporarily redu...

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Bibliographic Details
Main Authors: Dissanaike, Gishan (Author), Lim, Kim-Hwa (Author)
Format: eBook
Language:English
Published: London : University of Cambridge, Judge Business School, 2021.
Series:SAGE Business cases.
Subjects:
Investment advisors > Case studies.
COVID-19 Pandemic, 2020- > Case studies.
Conseillers en placements > Études de cas.
Pandémie de COVID-19, 2020- > Études de cas.
Investment advisors
Since 2020
Electronic books.
Case studies
Online Access:Connect to the full text of this electronic book
Description
Summary:ACE Investment Management was founded on 30th August 2019. Although the founders always intended to pursue an active investment strategy, they followed a passive investment approach for the first few months by investing in the STOXX Europe 600 index. But in early February 2020, they temporarily reduced their exposure to equity investments because of the rising number of COVID-19 cases worldwide. The company resumed its exposure to equities in September 2020 but continued with a passive investment approach by investing in the STOXX Europe 600 index. But on 30th January 2021, ACE asked their research team to estimate the risks of investing 2% of their equity in either Ocado Group or Just Eat Takeaway.com, with the remaining equity to remain in the STOXX Europe 600 index. It was thought that one or both stocks might be worth considering in the context of the COVID-19 pandemic and thereafter.This is an introductory case that reinforces students' understanding of total, diversifiable, and non-diversifiable risk. It can be used on introductory MBA, Master of Finance, and undergraduate courses, when teaching topics like 'Risk and Return' and the Capital Asset Pricing Model. It may also be used on some executive courses if one gives relatively more emphasis to the interpretative aspects of the case, rather than the calculation aspects.
Item Description:Originally Published InDissanaike, G., & Lim, K.H. (2021). ACE Investment Management Company. Cambridge: University of Cambridge, Judge Business School.
Physical Description:1 online resource : illustrations.
ISBN:9781529601893
1529601894