haku: @journal_id 4410 / yhteensä: 58
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| Tekijä: | Blake, D. |
| Otsikko: | UK Pension Fund Management after Myners: the Hunt for Correlation Begins |
| Lehti: | Journal of Asset Management
2003 : JUN, VOL. 4:1, p. 32-71 |
| Asiasana: | PENSION FUNDS UNITED KINGDOM PERFORMANCE MEASUREMENT MANAGEMENT |
| Kieli: | eng |
| Tiivistelmä: | The Myners Report will have a number of significant consequences for pension fund management and performance measurement in the UK. First, it changes the way in which assets are selected. Secondly, it changes the role of the fund manager. Thirdly, it changes the way investment performance is measured. Liability-driven performance measurement and attribution will replace the existing performance measurement framework in the UK. The passively managed components of the pension fund will be judged on the costs of implementation. Only the performance of the surplus assets will be measured on a conventional basis. The Myners Report is summarised and an illustrative statement of investment principles and transparency statement are presented. |
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