The investment performance of corporate pension plans : why they do not beat the market regularly
Author(s)
Bibliographic Information
The investment performance of corporate pension plans : why they do not beat the market regularly
Quorum Books, 1988
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Note
Includes index
Description and Table of Contents
Description
This study examines whether pension plans achieved satisfactory investment results when compared to conventional market indexes. It also covers the impact of factors such as risk, turnover and investment allocation policy on performance. . . . Pension plan managers and accountants who audit or advise them will be most interested in obtaining this book, as will academics doing research on pension plan performance. Journal of Accountancy
The authors argue that the principle causes of the poor performance record of pension plan investments are frequent portfolio reallocations and high turnover. They show that these twin strategies act more to incur unnecessary costs than to enhance profits. They proceed to develop a new concept for pension fund diversification, one that will achieve the goals the present strategies have failed to achieve. Must reading for pension fund executives, corporate money managers, and bank trust officers, this book is also a significant addition to the finance and investing curriculum.
Table of Contents
How to Measure Return and Risk Pension Plan Rates of Return Winning and Losing: Identifying Factors that Affect Portfolio Returns Portfolio Turnover and Transaction Costs Pension Plan Portfolio Allocation Lessons for the Pension Manager Appendix Bibliography Index
by "Nielsen BookData"
