Governance and investment of public pension assets
Subtitle: practitioners' perspectives
By: editors, Sudhir Rajkumar, Mark C. Dorfman
Publisher: World Bank
Published: 2011
Place of publication: Washington, D.C
Language: eng
Number of pages: 343
ISBN-13: 9780821384701; 9780821384718
Subjects: Financial crises; Pension trusts; Investments
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.
Notes: Includes bibliographical references and index.
Table of contents: title: Summary and key messages; title: Key principles of governance and investment management; title: Governance of public pension assets; title: Governance structures and accountabilities; title: Qualification, selection, and operation of governing bodies; title: Operational policies and procedures; title: Managing fiscal pressures in defined-benefit schemes; title: Policy responses to turbulent financial markets; title: Investment of public pension assets; title: Defining the investment policy framework for public pension funds; title: Managing risk for different cohorts in defined contribution schemes; title: An asset-liability approach to strategic asset allocation for pension funds; title: In-house investment versus outsourcing to external investment managers; title: International investments and managing the resulting currency risk; title: Alternative asset classes and new investment themes.