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Description of Pension Fund Investment Management

Every investment professional involved with the management of pension funds will embrace this wide–ranging handbook. Consisting of articles by an esteemed panel of contributors, it covers the basics as well as the latest on pension fund governance, operations, and value creation.

Title Information

ISBN:

9781883249267

Pages:

306 pages

Format:

Hardback

Product Code:

16759

Publisher:

John Wiley & Sons Ltd

Published:

31/08/1997

Edition:

2nd Edition

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About Frank J. Fabozzi CFA (Editor)

Frank J. Fabozzi is a financial consultant, the editor of the Journal of Portfolio Management, and an Adjunct Professor of Finance at Yale University′s School of Management

Contents of Pension Fund Investment Management

SECTION I: INVESTMENT POLICY, STRATEGIES, AND ASSET ALLOCATION.

1. Pension Fund Governance, Operations, and Value Creation (K. Ambachtsheer).
2. Investment Policy: The Missing Link (J. Bailey).
Appendix: Illustration of an Investment Policy (M. Menssen).
3. Organizing Internal Investment Management (G. Allen and T. Coggin).
4. Managing the Asset Mix: Decisions and Consequences (R. Arnott).
5. The Evolving Role of the Pension Investment Consultant (H. Marmer).
6. Investment Styles, Stock Market Cycles, Investor Expectations, and Pension Fund Performance (W. Bauman and R. Miller).
7. Strategic Currency Management for U.S. Pension Funds (J. Braccia).
8. The Role of Completion Funds in Equity Style Management (C. Campisano and M. Nederlof).
9. Computer-Aided Pension Investment Decision Making (R. Surz).
10. A Plan Sponsor's Guide to Commissions (A. Biller).

SECTION II: BENCHMARK SELECTION.

11. Benchmark Portfolios: The Sponsor's View (D. Peifer).
12. Return-Based Style Analysis (S. Hardy).
13. Equity Style Benchmarks for Fund Analysis (M. Compton).

SECTION III: ASSET/LIABILITY MANAGMENT.

14. Pension Liabilities: The True Objective (R. Ryan).
15. A Practical Approach to Integrating Pension Finance with Corporate Finance (M. Sloan).
16. Measures of Risk for Portfolio Optimization and Asset/Liability Modeling (T. Philips).

SECTION IV: MANAGER SELECTION AND COMPENSATION.

17. Managing Firmwide Risk for Pension Funds (L. Gibson, III).
18. Money Manager Selection: A Top-Down Approach (V. Kutler).
19. Selecting an International Investment Manager (M. Gorodess).
20. Establishing Performance-Related Termination Thresholds for Investment Management (D. Hammond).