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612-822-4611
The Investment Performance of Corporate Pension Plans: Why They Do Not Beat the Market Regularly

The Investment Performance of Corporate Pension Plans: Why They Do Not Beat the Market Regularly

Hardcover

Investing & Finance

ISBN10: 0899302246
ISBN13: 9780899302249
Publisher: Praeger
Published: Feb 22 1988
Pages: 150
Weight: 0.86
Height: 0.38 Width: 6.14 Depth: 9.21
Language: English

This study examines whether pension plans achieved satisfactory investment results when compared to conventional market indexes. It also covers the impact of factors such as risk, turnover and investment allocation policy on performance. . . . Pension plan managers and accountants who audit or advise them will be most interested in obtaining this book, as will academics doing research on pension plan performance. Journal of Accountancy

The authors argue that the principle causes of the poor performance record of pension plan investments are frequent portfolio reallocations and high turnover. They show that these twin strategies act more to incur unnecessary costs than to enhance profits. They proceed to develop a new concept for pension fund diversification, one that will achieve the goals the present strategies have failed to achieve. Must reading for pension fund executives, corporate money managers, and bank trust officers, this book is also a significant addition to the finance and investing curriculum.

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Investing & Finance