Economic Surplus and Pension Asset Management

The popularity of the "surplus" framework for pension plan asset management reflects an understanding that the level and nature of the firm's pension liabilities should be an integral part of the investment decision. However, the value of the approach depends on whether economically meaningful liabilities are being employed. Surplus management is misleading and often dangerous if based on an incomplete or irrelevant understanding of pension liabilities

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Year of publication:	2014
Authors:	Michaud, Richard O.
Publisher:	[2014]: [S.l.] : SSRN
Subject:	Pensionskasse \| Pension fund \| Portfolio-Management \| Portfolio selection \| Altersvorsorge \| Retirement provision \| Vermögensverwaltung \| Asset management

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Extent:	1 Online-Ressource (7 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments 1989 erstellt
Other identifiers:	10.2139/ssrn.2417322 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013056287