Public Pension Investment Targeting PDF Download

Author: Government Finance Research Center
Publisher:
ISBN:
Category : Investments
Languages : en
Pages : 66

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Author: United States. General Accounting Office
Publisher:
ISBN:
Category : Civil service
Languages : en
Pages : 76

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Author: Paul J. Pupo
Publisher:
ISBN:
Category :
Languages : en
Pages : 476

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Author: DIANE Publishing Company
Publisher: DIANE Publishing
ISBN: 0788118013
Category :
Languages : en
Pages : 93

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Book Description
Addresses three points: what has been the extent of ETI's by nonfederal public employee pension plans, in terms of the amounts invested and the types of investments; did ETI programs aimed at business development realize competitive returns; and what were the economic effects of business development ETI programs, such as jobs created. 18 charts and tables.

Author: Sudhir Rajkumar
Publisher: World Bank Publications
ISBN: 0821384708
Category : Social Science
Languages : en
Pages : 364

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And key messages -- Key principles of governance and investment management -- Governance of public pension assets -- Governance structures and accountabilities -- Qualification, selection, and operation of governing bodies -- Operational policies and procedures -- Managing fiscal pressures in defined-benefit schemes -- Policy responses to turbulent financial markets -- Investment of public pension assets -- Defining the investment policy framework for public pension funds -- Managing risk for different cohorts in defined-contribution schemes -- An asset-liability approach to strategic asset allocation for pension funds -- In-house investment versus outsourcing to external investment managers -- International investments and managing the resulting currency risk -- Alternative asset classes and new investment themes.

Author: Cassandra Chrones Moore
Publisher:
ISBN:
Category : Pension trusts
Languages : en
Pages : 56

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Author: Douglas Robertson
Publisher:
ISBN:
Category :
Languages : en
Pages : 48

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Author: Dimitri Vittas
Publisher: World Bank Publications
ISBN:
Category : Alternative asset
Languages : en
Pages : 68

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Abstract: Public pension funds have the potential to benefit from low operating costs because they enjoy economies of scale and avoid large marketing costs. But this important advantage has in most countries been dissipated by poor investment performance. The latter has been attributed to a weak governance structure, lack of independence from government interference, and a low level of transparency and public accountability. Recent years have witnessed the creation of new public pension funds in several countries, and the modernization of existing ones in others, with special emphasis placed on upgrading their investment policy framework and strengthening their governance structure. This paper focuses on the experience of four new public pension funds that have been created in Norway, Canada, Ireland and New Zealand. The paper discusses the safeguards that have been introduced to ensure their independence and their insulation from political pressures. It also reviews their performance and their evolving investment strategies. All four funds started with the romantic idea of operating as 'managers of managers' and focusing on external passive management but their strategies have progressively evolved to embrace internal active management and significant investments in alternative asset classes. The paper draws lessons for other countries that wish to modernize their public pension funds.

Author: Alicia Haydock Munnell
Publisher:
ISBN:
Category : Pension trusts
Languages : en
Pages : 64

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Author:
Publisher:
ISBN:
Category : Employee fringe benefits
Languages : en
Pages : 64

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Book Description