Governance and Investment of Public Pension Assets

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Author :
Publisher : World Bank Publications
ISBN 13 : 0821384708
Total Pages : 364 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Governance and Investment of Public Pension Assets by : Sudhir Rajkumar

Download or read book Governance and Investment of Public Pension Assets written by Sudhir Rajkumar and published by World Bank Publications. This book was released on 2011 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Defined Benefit Pension Plans

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Author :
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781974189861
Total Pages : 48 pages
Book Rating : 4.1/5 (898 download)

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Book Synopsis Defined Benefit Pension Plans by : U.s. Government Accountability Office

Download or read book Defined Benefit Pension Plans written by U.s. Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2017-08-03 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: " Millions of Americans rely on defined benefit pension plans for their financial well-being in retirement. Plan representatives are increasingly investing in a wide range of assets, including hedge funds and private equity funds. In recent years, GAO has noted that plans may face significant challenges and risks when investing in these alternative assets. These challenges and ongoing market volatility have raised concerns about how these investments have performed since 2008. As requested, to better understand plan sponsors' experiences with these investments, GAO examined (1) the recent experiences of pension plans with investments in hedge funds and private equity, including lessons learned; (2) how plans have responded to these lessons; and (3) steps federal agencies and other entities have taken to help plan sponsors make and manage these alternative investments. To answer these questions, GAO analyzed available data; interviewed relevant federal agencies and industry experts; conducted follow-up interviews with 22 public and private pension plan sponsors selected among the top 200 plans and contacted in the course of GAO's prior related work; and surveyed 20 plan consultants, academic experts and other industry experts. This report reemphasizes a 2008 recommendation that the Secretary"

Pension Fund Investment Management

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Author :
Publisher :
ISBN 13 : 9780077073640
Total Pages : 306 pages
Book Rating : 4.0/5 (736 download)

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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 . This book was released on 1990-01-01 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Pension Fund Sponsors Ranked by Assets

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Author :
Publisher :
ISBN 13 :
Total Pages : 116 pages
Book Rating : 4.3/5 (555 download)

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Book Synopsis Pension Fund Sponsors Ranked by Assets by :

Download or read book Pension Fund Sponsors Ranked by Assets written by and published by . This book was released on 1980 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Pension Fund Investments in Real Estate

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Author :
Publisher :
ISBN 13 : 9780899300351
Total Pages : 299 pages
Book Rating : 4.3/5 (3 download)

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Book Synopsis Pension Fund Investments in Real Estate by : Natalie A. McKelvy

Download or read book Pension Fund Investments in Real Estate written by Natalie A. McKelvy and published by . This book was released on 1983-01-01 with total page 299 pages. Available in PDF, EPUB and Kindle. Book excerpt: The investment of pension fund money in real estate is a new field. This book describes the pension fund business for those in the real estate industry and the real estate business for those who manage pension fund assets. It attempts to explain each business to the other and how they can interact profitably. It also examines commingled real estate funds and the ways that pension fund managers can invest in property on their own.

The Pension Plan Investor

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Author :
Publisher : Irwin Professional Publishing
ISBN 13 :
Total Pages : 296 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Pension Plan Investor by : Daniel M. Kehrer

Download or read book The Pension Plan Investor written by Daniel M. Kehrer and published by Irwin Professional Publishing. This book was released on 1991 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt:

An Introduction to Financial Markets and Institutions

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Author :
Publisher : Routledge
ISBN 13 : 1317476743
Total Pages : 1143 pages
Book Rating : 4.3/5 (174 download)

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Book Synopsis An Introduction to Financial Markets and Institutions by : Maureen Burton

Download or read book An Introduction to Financial Markets and Institutions written by Maureen Burton and published by Routledge. This book was released on 2015-03-04 with total page 1143 pages. Available in PDF, EPUB and Kindle. Book excerpt: Completely revised and updated to include the ongoing financial crisis and the Obama administration's programs to combat it, this is the best available introductory textbook for an undergraduate course on Financial Markets and Institutions. It provides balanced coverage of theories, policies, and institutions in a conversational style that avoids complex models and mathematics, making it a student-friendly text with many unique teaching features. Financial crises, global competition, deregulation, technological innovation, and growing government oversight have significantly changed financial markets and institutions. The new edition of this text is designed to capture the ongoing changes, and to present an analytical framework that enables students to understand and anticipate changes in the financial system and accompanying changes in markets and institutions. The text includes Learning Objectives and end-of-chapter Key Words and Questions, and an online Instructor's Manual is available to adopters.

Pension Finance

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 1118106369
Total Pages : 336 pages
Book Rating : 4.1/5 (181 download)

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Book Synopsis Pension Finance by : M. Barton Waring

Download or read book Pension Finance written by M. Barton Waring and published by John Wiley & Sons. This book was released on 2011-11-01 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pension plans around the world are in a state of crisis. U.S. plans alone are facing a total accrued liability funding deficit of almost $4 trillion (of the same order of magnitude as the federal debt), a potential financial catastrophe that ranks among the largest ever seen. It has become clear that many government, corporate, and multi-employer pension sponsors will not be able to cope with this crippling debt and may default on promised benefits. And many of those sponsors that might be able to cope are exasperated by continuous, ongoing negative surprises-large unexpected deficits and higher-than-expected required contributions and pension expense-and are choosing to terminate their plans. But it need not be so. Pension Finance: Putting the Risks and Costs of Defined Benefit Plans Back under Your Control walks the reader through the conventional actuarial and accounting approaches to financing pension benefits and investing plan assets, showing that the problems described happen as a natural consequence of the dated methods still in use. It shows in detail how modern methods based on market value will easily minimize these risks: Pension plans can in fact be comfortable for employers to sponsor and safe for employees to contribute todepend on for their retirement needs. This book is must-read for defined benefit pension plan sponsors and employee representatives, plan executives, board members, accountants, fund managers, consultants, and regulators., Research sponsored by the CFA Institute, this book demystifies pension finance, previously accessible only to actuaries. It teaches the topic in lay terms by drawing complete analogies to ordinary transactions such as paying off a mortgage or saving for college. Armed with this book, anyone comfortable with finance and investments in any other context can be comfortable with pension finance and pension investment policy. And further armed with a handheld financial calculator, any layperson can quickly estimate the contributions needed to keep a given plan comfortably solvent, giving them a powerful tool for oversight.

State and Local Pension Fund Management

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Author :
Publisher : CRC Press
ISBN 13 : 0849305519
Total Pages : 286 pages
Book Rating : 4.8/5 (493 download)

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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

Ron's Road to Wealth

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Author :
Publisher : John Wiley & Sons
ISBN 13 : 0470229713
Total Pages : 353 pages
Book Rating : 4.4/5 (72 download)

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Book Synopsis Ron's Road to Wealth by : Ron Muhlenkamp

Download or read book Ron's Road to Wealth written by Ron Muhlenkamp and published by John Wiley & Sons. This book was released on 2008-02-08 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: Praise for Ron's Road to Wealth "Long-term investors will learn much from Ron Muhlenkamp's thoughtful reflections on what he has learned about investing over a thirty-year period of successful practice." --Milton Friedman "Ron Muhlenkamp has thought long and hard and successfully about investments for many years. He has learned not to be misled by the distortions that inflation brings to normal returns. He has also learned the important understanding that volatility is not the risk that should concern long-term investors. His book will help readers to do better." --Allan H. Meltzer, Professor of Political Economy and Public Policy, Carnegie Mellon University "Ron Muhlenkamp has one of the most original, insightful minds in the financial world today. His record is superb. You will find his book a richly rewarding read." --Steve Forbes, President and Chief Executive Officer of Forbes and Editor in Chief of Forbes magazine "Conventional wisdom says that mutual fund managers can't beat the market; Ron Muhlenkamp's record proves that he can. Ron's Road to Wealth offers a bounty of snapshots of the insightful thinking that has allowed Muhlenkamp to better his peers with remarkable consistency. While many on Wall Street make their living adding to the confusion of the investment process, Muhlenkamp cuts through the clutter to reveal the commonsense logic underneath the surface. If you're tired of conventional investment results, you'll relish this book's unconventional wisdom." --Don Phillips, Managing Director of Morningstar, Inc. "Ron Muhlenkamp is virtually the only commentator in today's investment world who makes a compelling and commonsense case for active investment management. His principles have exactly what you look for in the investment world: they modestly underpromise and have an interesting history of overdelivering." --Bob Veres, Publisher and Editor of Inside Information

Financial Strength of Pensions and the Pension Benefit Guaranty Corporation

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Author :
Publisher :
ISBN 13 :
Total Pages : 160 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Financial Strength of Pensions and the Pension Benefit Guaranty Corporation by : United States. Congress. Senate. Committee on Finance. Subcommittee on Private Retirement Plans and Oversight of the Internal Revenue Service

Download or read book Financial Strength of Pensions and the Pension Benefit Guaranty Corporation written by United States. Congress. Senate. Committee on Finance. Subcommittee on Private Retirement Plans and Oversight of the Internal Revenue Service and published by . This book was released on 1993 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Pension Plan Simplification

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Author :
Publisher :
ISBN 13 :
Total Pages : 110 pages
Book Rating : 4.:/5 (327 download)

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Book Synopsis Pension Plan Simplification by : United States. Congress. Senate. Committee on Finance. Subcommittee on Private Pension Plans and Employee Fringe Benefits

Download or read book Pension Plan Simplification written by United States. Congress. Senate. Committee on Finance. Subcommittee on Private Pension Plans and Employee Fringe Benefits and published by . This book was released on 1978 with total page 110 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Private Pensions Series Protecting Pensions Policy Analysis and Examples from OECD Countries

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Author :
Publisher : OECD Publishing
ISBN 13 : 9264028110
Total Pages : 319 pages
Book Rating : 4.2/5 (64 download)

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Book Synopsis Private Pensions Series Protecting Pensions Policy Analysis and Examples from OECD Countries by : OECD

Download or read book Private Pensions Series Protecting Pensions Policy Analysis and Examples from OECD Countries written by OECD and published by OECD Publishing. This book was released on 2007-10-23 with total page 319 pages. Available in PDF, EPUB and Kindle. Book excerpt: Pension fund members across OECD countries have seen the loss or reduction of pension benefits in recent years. This has been associated with declining assets and increasing liabilities, with accounting and regulation changes crystallising these ...

Behavioral Public Finance

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Author :
Publisher : Russell Sage Foundation
ISBN 13 : 1610443853
Total Pages : 412 pages
Book Rating : 4.6/5 (14 download)

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Book Synopsis Behavioral Public Finance by : Edward J. McCaffery

Download or read book Behavioral Public Finance written by Edward J. McCaffery and published by Russell Sage Foundation. This book was released on 2006-01-23 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: Behavioral economics questions the basic underpinnings of economic theory, showing that people often do not act consistently in their own self-interest when making economic decisions. While these findings have important theoretical implications, they also provide a new lens for examining public policies, such as taxation, public spending, and the provision of adequate pensions. How can people be encouraged to save adequately for retirement when evidence shows that they tend to spend their money as soon as they can? Would closer monitoring of income tax returns lead to more honest taxpayers or a more distrustful, uncooperative citizenry? Behavioral Public Finance, edited by Edward McCaffery and Joel Slemrod, applies the principles of behavioral economics to government's role in constructing economic and social policies of these kinds and suggests that programs crafted with rational participants in mind may require redesign. Behavioral Public Finance looks at several facets of economic life and asks how behavioral research can increase public welfare. Deborah A. Small, George Loewenstein, and Jeff Strnad note that public support for a tax often depends not only on who bears its burdens, but also on how the tax is framed. For example, people tend to prefer corporate taxes over sales taxes, even though the cost of both is eventually extracted from the consumer. James J. Choi, David Laibson, Brigitte C. Madrian, and Andrew Metrick assess the impact of several different features of 401(k) plans on employee savings behavior. They find that when employees are automatically enrolled in a retirement savings plan, they overwhelmingly accept the status quo and continue participating, while employees without automatic enrollment typically take over a year to join the saving plan. Behavioral Public Finance also looks at taxpayer compliance. While the classic economic model suggests that the low rate of IRS audits means far fewer people should voluntarily pay their taxes than actually do, John Cullis, Philip Jones, and Alan Lewis present new research showing that many people do not underreport their incomes even when the probability of getting caught is a mere one percent. Human beings are not always rational, utility-maximizing economic agents. Behavioral economics has shown how human behavior departs from the assumptions made by generations of economists. Now, Behavioral Public Finance brings the insights of behavioral economics to analysis of policies that affect us all.

The Blue Book of Pension Funds

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Author :
Publisher :
ISBN 13 :
Total Pages : 462 pages
Book Rating : 4.3/5 (555 download)

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Book Synopsis The Blue Book of Pension Funds by :

Download or read book The Blue Book of Pension Funds written by and published by . This book was released on 1985 with total page 462 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Up from Wall Street

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Author :
Publisher : Cosimo, Inc.
ISBN 13 : 1616405805
Total Pages : 283 pages
Book Rating : 4.6/5 (164 download)

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Book Synopsis Up from Wall Street by : Thomas Croft

Download or read book Up from Wall Street written by Thomas Croft and published by Cosimo, Inc.. This book was released on 2009-01-01 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2008 we watched as trillions of dollars vanished before our eyes, enveloped in the crash and burn of Wall Street's bottom line. As working Americans and retirees awake from the aftermath, we're searching for answers and alternatives to the reckless loans and dicey short-term bets that ravaged our savings and retirement assets. Up From Wall Street: The Responsible Investment Alternative makes the case that there are strategic and socially responsible investment paths that have the capacity to rebuild our economy and infrastructure, reinvigorate our cities, and create the highly-anticipated green jobs of the future. Through real-life stories and case studies, Thomas Croft illustrates how the responsible investment of savings assets, pensions, insurance funds, and other trusts can generate positive social, economic, and environmental benefits - along with financial returns. Included in the book is A Field Guide to Responsible Capital, which contains descriptions of investment funds that are together managing over $30 billion and provides a detailed analysis of some of the firms and projects in which they invest. "Anyone with an interest in making sure their savings are put to work in a manner that strengthens our economy must read this volume." -Dr. Tessa Hebb, author of No Small Change: Pension Funds and Corporate Engagement "Up From Wall Street offers a path towards, and real life examples of, investments in private equity and real estate that create value for investors by producing sustainable wealth for businesses, their employees, and communities alike." -David Wood, Director, The Institute for Responsible Investment "This study captures a rising wave of progressive investment activity that will define the 'prudent investor' standard for all investors in the future." -Kirsten Snow Spalding, California Director, Ceres "I hope that ... many of the people who pushed for change in Washington, D.C. across America and our neighbors to the North will read this book." -Richard L. Trumka, Secretary-Treasurer, AFL-CIO Thomas Croft is an international expert on innovative capital strategies and jobs-oriented economic revitalization policies. He serves as Director of the Heartland Network and Executive Director of the Steel Valley Authority and has authored or commissioned vital new perspectives on alternative pension investment strategies and a fair economy

Handbook of Key Global Financial Markets, Institutions, and Infrastructure

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Author :
Publisher : Academic Press
ISBN 13 : 0124058981
Total Pages : 635 pages
Book Rating : 4.1/5 (24 download)

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Book Synopsis Handbook of Key Global Financial Markets, Institutions, and Infrastructure by :

Download or read book Handbook of Key Global Financial Markets, Institutions, and Infrastructure written by and published by Academic Press. This book was released on 2012-12-17 with total page 635 pages. Available in PDF, EPUB and Kindle. Book excerpt: Understanding twenty-first century global financial integration requires a two-part background. The Handbook of Key Global Financial Markets, Institutions, and Infrastructure begins its description of how we created a financially-intergrated world by first examining the history of financial globalization, from Roman practices and Ottoman finance to Chinese standards, the beginnings of corporate practices, and the advent of efforts to safeguard financial stability. It then describes the architecture itself by analyzing its parts, such as markets, institutions, and infrastructure. The contributions of sovereign funds, auditing regulation, loan markets, property rights, compensation practices, Islamic finance, and others to the global architecture are closely examined. For those seeking substantial, authoritative descriptions and summaries, this volume will replace books, journals, and other information sources with a single, easy-to-use reference work. Substantial articles by top scholars sets this volume apart from other information sources Diverse international perspectives result in new opportunities for analysis and research Rapidly developing subjects will interest readers well into the future