George Ross Goobey (23 May 1911 – 19 March 1999) was a British fund manager, famous for being the first to see that pension funds should buy equities.
He was born in East London, and trained as an actuary as his family could not afford to send him to university.
In 1947, aged 36, he was appointed as fund manager for Imperial Tobacco's pension fund. At this time the yield on British government bonds, or gilts, was less than the yield on equities, even though the economy was growing. However pension funds did not generally invest in equities. He persuaded the fund to switch virtually all of its investments into the equity market, which was very profitable.
He married in 1937, to Gladys Menzies and they had a daughter and a son, Alastair Ross Goobey.
george, ross, goobey, 1911, march, 1999, british, fund, manager, famous, being, first, that, pension, funds, should, equities, born, east, london, trained, actuary, family, could, afford, send, university, 1947, aged, appointed, fund, manager, imperial, tobacc. George Ross Goobey 23 May 1911 19 March 1999 was a British fund manager famous for being the first to see that pension funds should buy equities He was born in East London and trained as an actuary as his family could not afford to send him to university In 1947 aged 36 he was appointed as fund manager for Imperial Tobacco s pension fund At this time the yield on British government bonds or gilts was less than the yield on equities even though the economy was growing However pension funds did not generally invest in equities He persuaded the fund to switch virtually all of its investments into the equity market which was very profitable He married in 1937 to Gladys Menzies and they had a daughter and a son Alastair Ross Goobey References editObituary The Independent 1 Speech to 1956 Conference of the Association of Superannuation amp Pension Funds 2 Pensions Association Ross Goobey archive 3 nbsp This finance related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title George Ross Goobey amp oldid 1007564978, wikipedia, wiki, book, books, library,
