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 more critical--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 sponsors manage 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 both public 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 issues that
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 pension management 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 plan managers, measuring
the plan's performance, and managing financial risk. In addition,
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 candid advice on
how pension managers can improve fund performance by being more
effective shareholders. As pension fund management and performance
increasingly affect the success of organizations as a whole, this
book will be indispensable to anyone--from fund analysts to board
members--who influences pension fund decisions.
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