The School of Hard Knocks: The Evolution of Pension Investing at Eastman Kodak
"Most books about pension fund investing are theory. Rusty Olsons book is fact. Its a report from the frontlines of the management of pension fund assets at a time when new investment vehicles were being developed on a regular basis. Rusty and his crew at the Kodak fund were the pioneers who tried many of these new ideas, some of which flew while theirs crashed. This is a blow-by-blow account of the learning experience, the successes and failures (mostly successes), and the ultimate investment success of the Kodak fund. It should be read by anyone managing assets in a fiduciary capacity. Michael J. Clowes
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annual annuity arbitrage asset allocation asset classes assumptions banks Bob Sherman bonds Boston Safe brokers calculated cash committee common stock conference core real estate distressed securities dividend Duff Lewis earned emerging markets debt equity ERISA fee structure fiduciary fixed income Gene Radford Harry Kavetas hedge funds hired illiquid assets illiquid investment index fund index futures interest rate internal rate investment managers investors John Casey John Purves Kodak stock Kodak's pension Kodak's Trust Fund KRIP's KRIPCO meeting liabilities manager's market neutral master trust Metropolitan million mutual fund Neuberger non-U.S. stocks overall overlay programs pension assets pension fund pension investments pension plan pension trust funds percentage points performance portable alpha present value rate of return recommendation REITs retired Rochester Roy Neuberger Russell sell small stocks stock market terminated total KRIP assets treasurer U.S. stocks underperformed Value Line venture capital venture real estate volatility Walter Fallon