Chapter

Selecting and Managing Asset Managers

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.003.0018
 Selecting and Managing Asset Managers

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The effective management of a pension plan involves selecting, monitoring, compensating, and if necessary, replacing money managers. Such decisions are typically made by pension plan boards or senior management. Sponsoring organizations must decide whether to manage the pension plan internally or seek external managers. Once a decision is made, the plan sponsors must implement the decision by finding the most suitable money managers, establishing appropriate control procedures to ensure that the job is done in accordance with policy, and developing policies for such matters as manager compensation and the termination of money managers.

Keywords: pension funds; pension plans; money managers; investment managers

Chapter.  5274 words. 

Subjects: Financial Markets

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