Trustees play an essential role in the success of pension funds and other long-term asset organizations. The performance of such funds depends on the trustee’s level of knowledge and expertise. Whether you are a new or experienced trustee, Achieving Investment Excellence will help you safeguard fund performance while remaining faithful to the fund’s mission and long-term strategic goals.
Uniquely drawing on the authors’ expertise in finance, investments and board rooms, Kees Koedijk, Alfred Slager and Jaap van Dam offer a broad-ranging analysis and a raft of solutions covering what to do with the pension fund and its investments to succeed in achieving the funds’ goals. This book provides insights into what trustees need to do. Inside, you’ll learn how to effectively and confidently steer your fund’s portfolio with a thorough understanding of risk concepts, return expectations and key investment tools and benchmarks. With an ability to thoroughly assess the quality of your investment set-up, you will be ready to engage in strategic changes that can yield real, measurable gains for your fund.
Achieving Investment Excellence is peppered with discussion questions, case studies and practical tools you can implement to immediately begin improving board effectiveness and fund performance. Regardless of fund size, you can realize greater returns, simply by improving your understanding of how the board designs, guides and monitors investment. Embrace the opportunity inherent in the trustee role and begin focusing the investment agenda on what really matters.
Chapter 1: The Role of Pension Funds, and the Role of Boards
Chapter 2: Developing Purpose, Mission, Vision and Goals
Chapter 3: Grasping the Investment Essentials
Chapter 4: Investment Beliefs as Guiding Tools
Chapter 5: Designing the Investment Management Process
Chapter 6: Organizing the Investment Function
Chapter 7: Implementing the Investment Strategy
Chapter 8: Building the Investment Portfolio
Chapter 9: Monitoring and Evaluation
Chapter 10: Becoming an Effective Board
Chapter 11: Establishing the Investment Committee
Chapter 12: Managing the Investment Management Organization
Chapter 13: Learning to Decide and to Take Advice
Chapter 14: Achieving Investment Excellence