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Achieving investment excellence : a practical guide for trustees of pension funds, endowments and foundations /
Crucial methods, tactics and tools for successful pension fund management Achieving Investment Excellence offers trustees and asset managers a comprehensive handbook for improving the quality of their investments. With a stated goal of substantially and sustainably improving annual returns, this boo...
| Clasificación: | Libro Electrónico |
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| Autores principales: | , , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
Chichester, West Sussex, United Kingdom :
John Wiley & Sons Ltd.,
2019.
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| Colección: | Frank J. Fabozzi series.
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| Temas: | |
| Acceso en línea: | Texto completo (Requiere registro previo con correo institucional) |
Tabla de Contenidos:
- Intro; Table of Contents; About the Authors; Acknowledgments; Foreword; Introduction; LEVELS OF EXCELLENCE: ASSESSING AND IMPROVING YOUR PRACTICE; HOW TO USE THE BOOK; CHAPTERS OF THE BOOK; PART I: PENSION FUNDS: UNDERSTANDING THE ROLE, SHAPING THE MISSION; PART II: DESIGNING THE PROCESS; PART III: IMPLEMENTING THE INVESTMENTS; PART IV: ORGANIZING THE BOARD; PART V: LEARNING, ADAPTING AND IMPROVING; SELF-REFLECTION QUESTIONS; ENDNOTE; PART One: Pension Funds: Understanding the Role, Shaping the Mission; CHAPTER 1: The Role of Pension Funds, and the Role of Boards; THE ROLE OF PENSION FUNDS
- THE PENSION TRIANGLEDUTIES OF TRUSTEES; UNDERSTANDING AND MANAGING YOUR STAKEHOLDERS; ENDNOTES; Case Study-GEPF; THE DUAL MANDATE DILEMMA; ENDNOTES; CHAPTER 2: Developing Purpose, Mission, Vision, and Goals; THE FUNCTIONS OF A PENSION FUND; PURPOSE; MISSION; VALUES; VISION; STRATEGIC GOALS; ENDNOTES; PART Two: Designing the Process; CHAPTER 3: Grasping the Investment Essentials; INVESTMENT GOALS; UNDERSTANDING RETURN CONCEPTS; UNDERSTANDING RISK CONCEPTS; STEERING YOUR PORTFOLIO; ENDNOTES; Case Study-PFZW
- TAKING OWNERSHIP OF AND REBUILDING INVESTMENT PRINCIPLES AFTER THE GREAT FINANCIAL CRISISENDNOTE; CHAPTER 4: Investment Beliefs as Guiding Tools; WHY INVESTMENT BELIEFS MATTER; BASICS OF AN INVESTMENT BELIEF; DEVELOPING A SET OF INVESTMENT BELIEFS; WHEN, IF EVER, IS THE TIME TO CHANGE INVESTMENT BELIEFS?; HOW (NOT) TO USE INVESTMENT BELIEFS; ENDNOTES; Case Study-New Zealand Superannuation Fund; BUILDING A GLOBAL INVESTMENT FUND FROM SCRATCH WITH THE MISSION TO MAXIMIZE THE FUND'S LONG-TERM RETURN, AND INTEGRATE CLIMATE CHANGE IN A DEEP WAY CONSISTENT WITH THE LONG-HORIZON NATURE OF THE FUND
- ENDNOTESCHAPTER 5: Designing the Investment Management Process; THE INVESTMENT PROCESS; SETTING OBJECTIVES: ALIGNING GOALS AND RISK APPETITE; FORMULATING EXPECTATIONS; PORTFOLIO CONSTRUCTION; IMPLEMENTATION AND MONITORING; THE INVESTMENT POLICY STATEMENT; ENDNOTES; CHAPTER 6: Organizing the Investment Function; INVENTORIZING INVESTMENT MODELS; DEVELOPING YOUR OWN INVESTMENT APPROACH; ENDNOTES; Case Study
- GPFG; BUILDING A LONG-TERM, RESPONSIBLE FUND ON SOLID ACADEMIC AND EVIDENCE-BASED PRINCIPLES; ENDNOTES; PART Three: Implementing the Investments
- CHAPTER 7: Implementing the Investment StrategyORGANIZING THE IMPLEMENTATION; THE RATIONALE FOR MANAGING COSTS; SELECTION OF MANAGERS; ACTIVE vs. PASSIVE MANAGEMENT; INTERNAL vs. EXTERNAL MANAGEMENT; RELATIONSHIP WITH SUPPLIERS; BRIDGING THE IMPLEMENTATION GAP; ENDNOTES; Case Study-ATP; CREATING SCOPE FOR INVESTMENT SOPHISTICATION THROUGH CLARITY OF OBJECTIVES AND STRONG AND TRANSPARENT RISK MANAGEMENT; ENDNOTES; CHAPTER 8: Building the Investment Portfolio; FRAMEWORK FOR THE INVESTMENT PORTFOLIO; THE BOARD'S ROLE IN PORTFOLIO CONSTRUCTION; CAPITAL MARKET ASSUMPTIONS; ENDNOTES