Whoholds the power in financial markets? For many, the answer would probably bethe large investment banks, big asset managers, and hedge funds. These are theorganizations that are in the media's spotlight and whose leaders and employeescommand outsized salaries and bonuses. They are the supposed leading edge ofglobal finance and their power seems almost absolute, even as questions aboundabout their social and economic utility. But more and more asset owners areconfronting the status quo, the power to exact high fees and the focus on theshort term. The New Frontier Investorschronicles the rise of this new group of long horizon asset owners thatincludes some of the world's largest pension funds, sovereign wealth funds, andendowments. These asset owners are driving the business of asset management toa new frontier by retaking responsibility of the end-to-end management of theirinvestment portfolios and by re-conceptualizing investment decision-making.

1. The Foundations of Capitalism:Beneficiary Asset Managers.- 2. Unleashing Innovation through BetterGovernance.- 3. Unleashing Innovation through People.- 4. Unleashing Innovation throughCollaboration.- 5. UnleashingLocational Advantage.- 6. TheValley of Opportunity: Bringing Innovation to Venture Capital.- 7. DoesTransparency Restrict Innovation among Long-term Investors?.- 8. CatalyzingDevelopment in a Short-term World.- 9. TenPillars for Centennial Performance