Governance and Investment of Public Pension Assets: Practitioners' Perspectives

Governance and Investment of Public Pension Assets: Practitioners' Perspectives
ISBN-10
0821384708
ISBN-13
9780821384701
Category
Social Science
Pages
364
Language
English
Published
2011
Publisher
World Bank Publications
Authors
Mark C. Dorfman, Sudhir Rajkumar

Description

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.

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