Business, Management and Accounting
4 years ago

Pension funds' strategic asset allocation key to stable portfolio returns.

1 view
Asset Allocation Dynamics and Pension Fund Performance
Allan Timmermann, Bruce N. Lehmann, David Blake

Paper Summary

The article examines how pension funds in the UK manage their investments. They found that most funds slowly adjust their investments over time to a set strategy. Surprisingly, there is not much difference in returns between funds due to their timing of the market or selecting specific assets. The main factor affecting returns is the overall strategy chosen by the fund managers.

Related papers

Economics, Econometrics and Finance
5 years ago

Brazilian pension funds' allocation questioned as alternative assets show strong diversification.

Asset Pricing
Oil Price Shocks
Insurance Dynamics
2 views
Economics, Econometrics and Finance
6 years ago

Benchmark selection trumps asset allocation in Dutch pension fund returns.

Asset Pricing
Retirement Planning
Credit Expansion
Business, Management and Accounting
7 years ago

Asset allocation key to maximizing portfolio performance in Zimbabwe.

Venture Capital
Asset Pricing
Corporate Governance
1 view