Governance and investment of public pension assets : : practitioners' perspectives / / editors, Sudhir Rajkumar, Mark C. Dorfman

• Record Nr.: UNINA9910781358403321
• Pubbl/distr/stampa: Washington, D.C. : , : World Bank, , c2011
• ISBN: 1-283-10005-3; 9786613100054; 0-8213-8471-6
• Descrizione fisica: xvi, 343 pages : illustrations (some color) ; ; 26 cm
• Altri autori (Persone): RajkumarSudhir; DorfmanMark C
• Disciplina: 332.67/254
• Soggetti: Pension trusts; Pension trusts - Investments; Financial crises - 21st century
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: Summary 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.
• Sommario/riassunto: 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.