This study examines whether pension plans achieved satisfactory investment results when compared to conventional market indexes. It also covers the impact of factors such as risk, turnover and investment allocation policy on performance. . . . Pension plan managers and accountants who audit or advise them will be most interested in obtaining this book, as will academics doing research on pension plan performance. "Journal of Accountancy"
The authors argue that the principle causes of the poor performance record of pension plan investments are frequent portfolio reallocations and high...
This study examines whether pension plans achieved satisfactory investment results when compared to conventional market indexes. It also covers the...