Pension Fund Corporate Engagement

Pension Fund Corporate Engagement The Fifth Stage of Capitalism

Pension Fund Engagement Chances and Limitations

In this paper the growing salience of what is called ‘pension fund engagement’ is critically assessed by means of a reconstruction of the failure of the Swedish Wage Earner Funds. The outcome of this assessment is sobering. Even under optimal political conditions pension savings proved to be too unwieldy to have any impact on the ownership structure of large publicly quoted corporations. Appare...

Pension Fund Performance

/RÉSUMÉ Pension Fund Performance This report provides an analysis of aggregate investment performance by country on a risk adjusted basis using relatively standard investment performance measures. The report also describes privately managed pension funds around the world and the regulatory environment they face. It compares pension funds across countries according to total assets under manageme...

Are Pension Fund Managers Overconfident?

Empirical studies show that people tend to be overconfident about the precision of their knowledge, leading to miscalibration. Consistent with this, we found that on overage the decision makers of Swiss pension plans provide too narrow confidence intervals when asked to estimate the past return of various assets. Their confidence intervals are also systematically too narrow in their forecast of...

Network Centrality and Pension Fund Performance

We analyze the relation between the location of a pension fund in its network and the investment performance, risk taking, and flows of the fund. Our approach analyzes the centrality of the fund’s management company by examining the number of connections it has with other management companies through their commonality in managing for the same fund sponsors or through the same fund consultants. ...