Ranking of the Pension Fund Industry in Spain: 1990-2010 (Ranking De Gestoras De Fondos De Pensiones)

2011 ◽  
Author(s):  
Pablo Fernandez ◽  
Javier Aguirreamalloa ◽  
Luis Corres Avendaño
Keyword(s):  
2016 ◽  
Vol 18 (2) ◽  
pp. 349-368 ◽  
Author(s):  
Alan Delgado de Oliveira ◽  
Tiago Pascoal Filomena ◽  
Marcelo Scherer Perlin ◽  
Miguel Lejeune ◽  
Guilherme Ribeiro de Macedo

2002 ◽  
Vol 3 (2) ◽  
pp. 173-194 ◽  
Author(s):  
D Blake ◽  
B N Lehmann ◽  
A Timmermann
Keyword(s):  

2007 ◽  
Vol 07 (29) ◽  
pp. 1 ◽  
Author(s):  
René Weber ◽  
David S. Gerber ◽  
◽  

Author(s):  
IMF. Monetary and Capital Markets Department

2009 ◽  
Vol 9 (1) ◽  
pp. 43-74 ◽  
Author(s):  
ROBERTO CALDERÓN-COLÍN ◽  
ENRIQUE E. DOMÍNGUEZ ◽  
MOISÉS J. SCHWARTZ

AbstractThe article shows that in markets with “noise”, such as the pension fund manager industry in Mexico, an ample number of competitors may not significantly reduce mark-ups. Utilizing the statistical distribution of the industry's “noise”, the theoretical framework allows for the estimation of the mark-up. The model also indicates that as the number of pension fund managers increases, the mark-up diminishes at a very slow rate. This implies that more participants in the industry will hardly affect prices. The referred hypotheses are confirmed using information of Mexico's pension fund industry. Evidence also indicates that account transfers among pension fund administrators barely respond to price or return considerations, and that switching has not served as a market disciplining tool that would result in lower fees and higher returns for the consumer.


2016 ◽  
pp. 63-94 ◽  
Author(s):  
David Blake ◽  
Bruce N. Lehmann ◽  
Allan Timmermann
Keyword(s):  

2013 ◽  
Vol 68 (3) ◽  
pp. 1133-1178 ◽  
Author(s):  
DAVID BLAKE ◽  
ALBERTO G. ROSSI ◽  
ALLAN TIMMERMANN ◽  
IAN TONKS ◽  
RUSS WERMERS

2018 ◽  
Vol 7 (4.34) ◽  
pp. 248
Author(s):  
Alfiana . ◽  
Ervina CM Simatupang ◽  
Ita Borshalina

This study determines which pension fund investments affect the return of investment in the pension fund industry. This research is an explanatory research conducted using multiple regression with data from the monthly pension fund statistics for the March 2015 to June 2018 period. The results show that of the 19 investments that the pension fund industry can make, there are still 2 types of investments that have not yet been made and 3 types of investments exceeding the limit specified allocation. In this study, only government bonds and land investments have a positive effect on return of investment while land and building investments have a negative effect. The results of this study indicate that the regulations do not have an impact on changing the type and allocation of investment in the pension fund industry, and is still dominated by certain investments that do not have an influence on the profitability of the pension fund industry which is measured by return of investment. Therefore, further studies are needed. This study is useful for (1) the pension fund industry to be able to apply investment portfolio theory regarding the types and allocations of investments and start new types of investment that are permitted (2) for financial services authorities (financial services authority) in order to arrange regulations regarding the type and allocation of investment. 


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