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Fair Value And Pension Fund Management
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Book Synopsis Fair Value and Pension Fund Management by : Niels E. Kortleve
Download or read book Fair Value and Pension Fund Management written by Niels E. Kortleve and published by Emerald Group Publishing. This book was released on 2006-05-01 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written in accordance with the rules set by the International Accounting Standards Board, this work deals with the application of fair-value principles to accounting for pensions. It is of interest to pension professionals, pension fund trustees, and regulators.
Book Synopsis Pension Fund Excellence by : Keith P. Ambachtsheer
Download or read book Pension Fund Excellence written by Keith P. Ambachtsheer and published by John Wiley & Sons. This book was released on 1998-04-23 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Neue Ideen für mehr Erfolg! Alles, was ein Manager über Rentenfonds wissen muß - die Zusammenstellung effektiver Fonds, ihr Management, die optimale Wertsteigerung - wird hier anhand in- und ausländischer Fallbeispiele eingängig erklärt. Nutzerfreundlich werden die wichtigsten Schritte in Übersichten zusammengestellt. Verschiedene moderne Ansätze zum Rentenfondsmanagement werden kritisch bewertet.
Book Synopsis Pension Fund Risk Management by : Marco Micocci
Download or read book Pension Fund Risk Management written by Marco Micocci and published by CRC Press. This book was released on 2010-01-25 with total page 766 pages. Available in PDF, EPUB and Kindle. Book excerpt: As pension fund systems decrease and dependency ratios increase, risk management is becoming more complex in public and private pension plans. Pension Fund Risk Management: Financial and Actuarial Modeling sheds new light on the current state of pension fund risk management and provides new technical tools for addressing pension risk from an integr
Book Synopsis Defined Benefit Pension Plans: Plans Face Valuation and Other Challenges When Investing in Hedge Funds and Private Equity by : Barbara Bovbjerg
Download or read book Defined Benefit Pension Plans: Plans Face Valuation and Other Challenges When Investing in Hedge Funds and Private Equity written by Barbara Bovbjerg and published by DIANE Publishing. This book was released on 2010-11 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis State and Local Pension Fund Management by : Jun Peng
Download or read book State and Local Pension Fund Management written by Jun Peng and published by CRC Press. This book was released on 2008-08-21 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: Intense media coverage of the public pension funding crisis continues to fuel heightened awareness in and debate over public pension benefits. With over $3 trillion in assets currently under management, the ramifications of poor oversight are severe. It is important that practitioners, researchers, and taxpayers be well-advised regarding any concer
Book Synopsis The Impact of Fair Value Accounting on Firms' Performance and Pension Assets by : Shaofeng Zheng
Download or read book The Impact of Fair Value Accounting on Firms' Performance and Pension Assets written by Shaofeng Zheng and published by . This book was released on 2017 with total page 113 pages. Available in PDF, EPUB and Kindle. Book excerpt: My dissertation comprises of two essays: 1) The Effects of Fair Value Measurements (IFRS 13) on Operating Performance and Market Performance, and on Value Relevance of Firms across European Countries; 2) The Disclosure of Fair Value Pension Asset under SFAS No. 158, Pension Assumptions, and Earnings Manipulation. Fair value accounting has been gained a spotlight over years. My first essay focuses on Fair Value measurements (IFRS13), which provides a single source for all fair value measurements, and clarifies the definition of fair value and enhance the disclosures. I examine the effect of IFRS 13 fair value on operating performance, the market reaction to the key event of the announcement date of IFRS 13 adoption, and the effect on value relevance in the context of IFRS 13 adoption by a large sample of five countries in European Union: France, Germany, Italy, Spain, and United Kingdom from 2010 to 2014. Evidences from the analyses of the models revealed that the operating performance overally decreased after IFRS 13 adoption in France and Germany but increased in Italy, Spain and United Kingdom based on some ratios to evaluate the operating performance. Firms with higher ROA in pre-IFRS 13 might report more consecutive earnings after IFRS 13 adoption than firms with lower ROA in pre-IFRS 13. Market reaction was tested on the key event of IFRS 13 adoption: the announcement date of IFRS 13. The results of the event study indicate that the cumulative abnormal returns (CAR) are negatively associated with the release date of IFRS 13 adoption, suggesting that European markets' reaction has been somewhat negative to IFRS 13. The adjustment to earnings per share model suggests mixed evidence of a increase in value relevance. In summary, European market may perceive IFRS 13 as an important in financial reporting or a reduction in the formation asymmetry and these results have implications for investors, auditors, and educators. In September 2006, Statement of Financial Accounting Standard (SFAS) No. 158, Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans, required firms to disclose and recognize the full funded status of defined benefit pension plans in the balance sheet instead of only in the footnote. Comparing with recognition, there are limited researches about the effect of the disclosure of fair value pension assets on the expected rate of return (ERR). Therefore, my second essay examines the association between the disclosure of fair value pension plan assets under SFAS No. 158 and ERR. Empirical results support that firms with the Level-3 fair value of pension assets are more like to inflate ERR and are more like to meet ERR through the actual rate of return (ARR) of the Level-3 fair value of pension assets. In addition, I explore the relationship between the disclosure of fair value pension plan assets and earnings target through ERR management. The results document that firms with the Level-3 fair value pension asset more like to achieve earnings target when they marginally fall short of earnings expectations. Such disclosures could improve the efficient use of the information by market participants.
Book Synopsis Pension Fund Investment Management by : Frank J. Fabozzi
Download or read book Pension Fund Investment Management written by Frank J. Fabozzi and published by John Wiley & Sons. This book was released on 1997-08-15 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Every investment professional involved with the management of pension funds will embrace this wide-ranging handbook. Consisting of articles by an esteemed panel of contributors, it covers the basics as well as the latest on pension fund governance, operations, and value creation.
Book Synopsis Managing Pension and Retirement Plans by : August J. Baker
Download or read book Managing Pension and Retirement Plans written by August J. Baker and published by Oxford University Press. This book was released on 2004-10-28 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the U.S. Population ages, retirement is becoming an increasingly important life stage. Pension and retirement plans are crucial to the financial well-being of older citizens and key determinants of their standard of living. Many varieties of pension plans are currently offered, and employers have an interest in these plans because a good pension plan can help an employer attract, retain, and motivate a competent workforce. In some cases, the employer's financial health can depend significantly on the financial health of its pension plan. When employers make decisions regarding pension and retirement plans, they are making decisions that have high stakes for both their employees and the employer itself. Poor decisions can lead to intense scrutiny, sometimes by the media or in the courtroom. Good pension decision making can provide a secure future for the employer and its employees. Managing Pension and Retirement Plans: A Guide for Employers, Administrators and Other Fiduciaries covers the essential financial issues surrounding pension plans. It discusses investment policy and strategy, performance measurement, fiduciary responsibilities, and labor market issues, among other topics. Anyone responsible for any aspect of pension plan management will profit from reading this book.
Book Synopsis The Investment Performance of U. S. Equity Pension Fund Managers by : T. Daniel Coggin
Download or read book The Investment Performance of U. S. Equity Pension Fund Managers written by T. Daniel Coggin and published by Forgotten Books. This book was released on 2018-02-08 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from The Investment Performance of U. S. Equity Pension Fund Managers: An Empirical Investigation There are differences in the portfolio characteristics and investment styles among the Earnings Growth, market-oriented, price-driven, and Small Capitalization managers. It is therefore useful to examine performance measures for each investment style separately. Table 11 presents mean values of the performance measures for each style of manager. It also provides the aggregated rank of each group. These ranks do not vary between the models for a given benchmark. However, they do vary somewhat across benchmarks for a given model. The period 1983-1990 was a period in which the overall stock market was up substantially. For the eight years, the Russell 3000 grew at an annualized rate of and the s&p 500 grew at a 15 60% rate. For the majority of this period (up until the end of 1988) the value investment style was favored by the market relative to other investment styles. Our analog of this style is the price-driven index which grew at an annualized rate of This compares to the growth investment style (represented by the Earnings Growth index) which grew at a rate, and the Small Capitalization style (represented by the Russell 2000 index) which grew at a rate. In Table II we see that, using the broad stock market indices as benchmarks, a negative mean selectivity value is consistently observed for the growth and small capitalization managers. This is consistent with the preference of the stock market for the period. However, if we look at the Style Index as a benchmark, we see that these managers (as well all other styles) have positive selectivity values. Thus, while we observe a positive mean selectivity value across All Managers for each benchmark, it does appear to make a difference which benchmark portfolio is used (and, perhaps, which time period) when we move to the level of investment style. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Book Synopsis Achieving Fair Value by : Mark C. Scott
Download or read book Achieving Fair Value written by Mark C. Scott and published by John Wiley & Sons. This book was released on 2005-07-08 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The single biggest preoccupation of senior management of any listed company is its institutional investors. CEOs and CFOs on average spend around 40% of their time dealing with this group, and the implicit goal of most management teams is to maximise share price. Yet the true influences behind movements in share price are poorly understood, and thus many companies do not do a good job of managing their investors. Achieving Fair Value provides the appropriate strategy tools and techniques for management to ensure that their business is valued in a way that accurately reflects its fundamental, sustainable worth for the long term. It is a timely and practical contribution to a topic that should be high on the agenda of any senior management team.
Book Synopsis Investing in Pension Funds and Endowments by : Russell L. Olson
Download or read book Investing in Pension Funds and Endowments written by Russell L. Olson and published by McGraw Hill Professional. This book was released on 2003-02-22 with total page 431 pages. Available in PDF, EPUB and Kindle. Book excerpt: On the heels of Enron and other high-profile debacles, the performance of pension fund managers is one of today's hot-button topics. Investing in Pension Funds and Endowments provides tools and guidance for managers to operate prudently while achieving the high rates of return required for successful longterm asset growth. This accessible how-to reference covers all aspects of tax-free investing for pension funds, endowments, trusts, and foundations.
Download or read book Pensions written by Richard M. Steinberg and published by John Wiley & Sons. This book was released on 1983 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The New World of Pension Fund Management by : CFA Institute
Download or read book The New World of Pension Fund Management written by CFA Institute and published by Institute of Chartered Financial Analysts. This book was released on 2004 with total page 92 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis How to Select Investment Managers and Evaluate Performance by : G. Timothy Haight
Download or read book How to Select Investment Managers and Evaluate Performance written by G. Timothy Haight and published by John Wiley & Sons. This book was released on 2007-10-12 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: An informative guide to selecting and evaluating external investment professionals This book-one of the very few of its kind-is an invaluable aid to trustees of pension plans, endowments, and trusts who seek to chart and navigate courses for governing and overseeing the investment of the trillions of dollars under their care. It covers many aspects of this essential endeavor, including return measures, fixed income and duration, manager searches, committee meetings, and much more. G. Timothy Haight (Atherton, CA) is President of Menlo College in Silicon Valley. Stephen O. Morrell, PhD (Coral Springs, FL) is Professor at Andreas School of Business of Barry University. Glenn Ross (Baltimore, MD) is a Managing Director and cofounder of Archstone Portfolio Solutions.
Book Synopsis Fair Value Accounting and Managerial Discretion by : Alistair Byrne
Download or read book Fair Value Accounting and Managerial Discretion written by Alistair Byrne and published by . This book was released on 2008 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyse the extent to which managers exercise discretion under fair value accounting and the value relevance of these disclosures. Utilising a sample of firms that apply the UK fair value pension accounting standard, (FRS-17), we examine the main determinants of the assumptions managers use to arrive at pension scheme valuation. Despite little variation in the underlying economic inputs, differences in stated assumptions across companies, auditors and actuaries are significant. Managers display considerable variation in conservatism when implementing fair value accounting and this variation is related to scheme-specific characteristics, such as asset allocation and pension solvency. Although the disclosed amounts are found to be value relevant, the observed inconsistency in reporting across firms brings into question the efficacy of fair value accounting for assessing corporate risk.
Book Synopsis Fair Value Measurements by : International Accounting Standards Board
Download or read book Fair Value Measurements written by International Accounting Standards Board and published by . This book was released on 2006 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Accounting and Valuation Guide by : AICPA
Download or read book Accounting and Valuation Guide written by AICPA and published by John Wiley & Sons. This book was released on 2019-09-16 with total page 619 pages. Available in PDF, EPUB and Kindle. Book excerpt: Developed for preparers of financial statements, independent auditors, and valuation specialists, this guide provides nonauthoritative guidance and illustrations regarding the accounting for and valuation of portfolio company investments held by investment companies within the scope of FASB ASC 946, Financial Services —Investment Companies, (including private equity funds, venture capital funds, hedge funds, and business development companies). It features16 case studies that can be used to reason through real situations faced by investment fund managers, valuation specialists and auditors, this guide addresses many accounting and valuation issues that have emerged over time to assist investment companies in addressing the challenges in estimating fair value of these investments, such as: Unit of account Transaction costs Calibration The impact of control and marketability Backtesting
