Chapter

Managing Pension Fund Risk

August Baker, Dennis E. Logue and Jack S. Rader

in Managing Pension and Retirement Plans

Published in print November 2004 | ISBN: 9780195165906
Published online July 2005 | e-ISBN: 9780199835508 | DOI: http://dx.doi.org/10.1093/019516590X.003.0016
 Managing Pension Fund Risk

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This chapter discusses the basics of risk management, the major risks a pension fund faces, and how these risks may be managed. The principles of hedging and return enhancement are explained, and the conditions under which they are sensible are examined. Effective techniques are presented for managing the three major types of risks that pension funds face: investment risks, surplus risk, and sponsor/plan risk.

Keywords: risk management; pension funds; pension plans; investment risk; surplus risk; sponsor risk; plan risk; hedging

Chapter.  8710 words.  Illustrated.

Subjects: Financial Markets

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