Governance and investment of public pension assets : practitioners' perspectives / editors, Sudhir Rajkumar, Mark C. Dorfman.

Format:

Book

Contributor:

Rajkumar, Sudhir.

Dorfman, Mark C.

Language:

English

Subjects (All):

Pension trusts.

Pension trusts--Investments.

Financial crises--21st century.

Financial crises.

Physical Description:

xvi, 343 pages : illustrations (some color) ; 26 cm

Place of Publication:

Washington, D.C. : World Bank, [2011]

Summary:

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.

Contents:

Summary 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.

Notes:

Includes bibliographical references and index.

ISBN:

9780821384701

0821384708

9780821384718

0821384716

OCLC:

670483394