Governance and Investment of Public Pension Assets: Practitioners' Perspectives
Sudhir Rajkumar, Mark C. Dorfman
World Bank Publications, 2011 - Social Science - 343 pages
The global financial crisis has had a profound impact on public and private pension funds worldwide and its effects will likely last years. This book presents the experiences and views of a group of financial experts and public pension fund practitioners on the prognosis and strategies going forward.
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actuarial AIMCo alternative assets APRA asset classes asset management asset-liability management ATP’s Berkelaar billion bonds cash flows costs currency exposure currency hedging currency policy currency risk defined-benefit pension developing diversification economic evaluating external managers Figure foreign currency framework Fund Management Committee fund’s investment funded ratio GEPF global financial crisis governance structure governing body GPIF hedge funds hedge ratio home currency impact implementation income increase indexation inflation institutional interest rates investment committee investment horizon investment management investment policy investment risk investment strategy investors liabilities long-term longevity risks ment monitoring National Pension OECD optimal overall pension assets pension plan pension scheme pension system percent plan sponsors portfolio private equity public pension funds QSuper reform requirements responsible retirement risk budget risk management risk premiums risk tolerance Source staff strategic asset allocation target tion trustees U.S. dollar UNJSPF volatility Watson Wyatt Worldwide World Bank Treasury