Pension Fund Performance and Risk-Taking Under Decentralized Investment Management

2009 ◽  
Author(s):  
David P. Blake ◽  
Allan G. Timmermann ◽  
Ian Tonks ◽  
Russ R. Wermers
Keyword(s):  
Risk Taking ◽  
Pension Fund ◽  
Fund Performance ◽  
Investment Management

Pension Fund Performance and Risk-Taking under Decentralized Investment Management

2009 ◽  
Author(s):  
Allan G. Timmermann ◽  
David P. Blake ◽  
Ian Tonks ◽  
Russ R. Wermers
Keyword(s):  
Risk Taking ◽  
Pension Fund ◽  
Fund Performance ◽  
Investment Management

Measuring Pension Fund Performance: Another Comment

1966 ◽  
Vol 22 (3) ◽  
pp. 143-149
Author(s):  
Richard S. Bower ◽  
J. Peter Williamson
Keyword(s):  
Pension Fund ◽  
Fund Performance

scholarly journals Are some fund managers better than others? Manager characteristics and fund performance

2004 ◽  
Vol 35 (3) ◽  
pp. 31-40 ◽  
Author(s):  
L. B. Friis ◽  
E. V.D.M. Smit
Keyword(s):  
Risk Taking ◽  
Fund Performance ◽  
Management Team ◽  
Team Size ◽  
Fund Manager ◽  
Independent Variables ◽  
Fund Managers ◽  
Qualification Management ◽  
Better Than

The research objective has been to find out whether fund manager characteristics help explain fund performance and propensity to risk taking. Eight independent variables; manager age, tenure of the manager with the fund, years of education, whether the manager holds a MBA or CA/CFA qualification, management team size, fund age and fund objective are regressed on measures of fund performance and riskiness.The findings of the study are highly significant and show that fund performance and riskiness are impacted upon by managers’ qualifications. One can expect better risk-adjusted performance from a fund manager who holds a CA/CFA qualification. Results show that these managers outperform managers without these qualifications, while taking on less risk than managers with MBA qualifications.

scholarly journals Private Pension Fund Performance and Comparison with Basic Investment Instruments in Turkey

2015 ◽  
Author(s):  
Turgut Özkan ◽  
Özge Demirkale
Keyword(s):  
Pension Fund ◽  
Fund Performance ◽  
Pension Funds ◽  
Private Pension ◽  
Portfolio Performance ◽  
Social Expectation ◽  
The Social ◽  
Retirement Funds ◽  
Additional Income

In 2001, after the preparation of legal infrastructure in Turkey, private pension fund system started to be complementary to the Social Security system. There are many expectations from the private pension fund system both socially and economically. Social expectation is to direct individuals to alternative investment instruments to provide additional income for retirement. Economic expectation is to provide long-term funding to support the economic development. Pension fund companies have the most important responsibility to meet these expectations. In this study, the profits of investment instruments and individual pension funds are compared in a long term perspective, using three basic portfolio performance measures. The term between January 2004 and September 2014 have been considered. Investment alternatives have been discussed in detail. BIST100, deposit, gold and currency basket (USD+EUR) are the investment instruments that are compared with individual pension funds. In addition, individual pension funds have been analyzed on company basis and the achievements of the pension fund companies have been revealed during the term mentioned above. According to our analysis, it has been concluded that personal retirement funds lost value considerably, especially due to inflation.

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