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Zusatztext Managing Pension Plans is superb! Logue and Rader have created a coherent and readable work on an important and complex topic. As pension funds become critical for insuring financial security for millions of retirees, Logue and Rader fill a tremendous need by providing a credible and comprehensive guide for financial and nonfinancial professionals, business students, and fund trustees. Klappentext Pension funds are big business. They are important to employers, employees, governments, and society at large. With the increasing concern over dwindling retirement benefits and the effect on public awareness of recent pension fund crises, managing pension plans has never been morecritical--and the pressure on those who are responsible for them has only intensified. Destined to become the classic resource on pension plan management, Managing Pension Plans explains everything you need to know for successful management of any pension plan--from how pension plans help sponsorsmanage their workforces to the latest in investment and risk management. With concise and practical guidance on ways for achieving optimal finance performance, Managing Pensions Plans is an indispensable resource for pension fund trustees, boards of directors, managers, and administrators of bothpublic and private pension plans as well as for the money management firms, consultants, actuaries, and accountants who serve the pension fund industry. Logue and Rader, two of the world's leading experts on the subject, explain all the financial, legal, economic, accounting, and managerial issuesthat those who make pension fund decisions must juggle--in language that non-financial managers can understand, yet with sufficient depth to be useful to financial managers as well. The authors synthesize the latest in capital market and financial economics research to help those involved in pensionmanagement improve their decision-making in all the critical areas, including: choosing the optimal form of pension plan, formulating and implementing the plan's investment strategy, selecting and monitoring pension planmanagers, measuring the plan's performance, and managing financial risk. Inaddition, the book describes in detail the responsibilities of fiduciaries, revealing how to be both a prudent fiduciary and a capable decision maker. Additionally, Managing Pension Plans offers Zusammenfassung Explains everything you need to know for successful management of various pension plans. This is a useful resource for pension fund trustees, boards of directors, managers, and administrators of both public and private pension plans, as well as for the money management firms, consultants, actuaries, and accountants. Inhaltsverzeichnis Introduction: The Context of Pension Plan Management 1: Why Have Pension Plans at All? 2: Choosing the Best Pension Plan 3: The Prudent Pension Fiduciary: A Pragmatic View 4: Establishing Pension Investment Policy 5: The Asset Allocation Decision 6: Setting the Strategic Asset Allocation 7: Measuring the Investment Performance of Pension Funds 8: Improving Pension Fund Investment Performance 9: Managing Pension Fund Risk 10: Risk Management Strategies Using Derivative Securities 11: Managing Managers and the Costs of Investing 12: Decision Making and Accounting for Pensions 13: The Pension Plan as Shareholder 14: The Path to Better Pension Plan Management ...
