Pension Fund Management Innovation

Author: (USA) Allen
Publisher:
Publish Date: 2004-01-01
Features: Fund management and investment are also a practical science and art. Regardless of what fund management and investment theories exist, they must be combined with the environment we are in, as well as the markets, laws and regulations, and investors we face. Only in this way will the development of China's fund industry show its vigorous vitality. From this perspective, what this series of books can bring to us is only half of "knowing," and the other half still needs to be enriched through our own practice. This book delves into some questions that my granddaughter Licia Modigliani and I recently examined: How to measure the performance of investment managers or mutual funds, especially how to adjust performance based on risk. In this book, methods for measuring risk-adjusted performance are extended to measure the unique risks faced by participants in pension funds.