Investing in Pension Funds and Endowments : Tools and Guidelines for the New Independent Fiduciary

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9780071413367: Investing in Pension Funds and Endowments : Tools and Guidelines for the New Independent Fiduciary

"For more than 20 years I have admired the diligence and resourcefulness of Rusty Olson in the wise management of fiduciary investments. Institutional executives in all nations may want to study his experienced advice."-John M. Templeton, founder, Templeton Investment Counsel

"Rusty Olson has provided a reader-friendly tour through the complex jungle of investing, pointing out both the opportunities and pitfalls that lie before those responsible for Other People's Money. At once constructive and skeptical, his reputation as the consummate investment professional shines through on every page."-John C. Bogle, founder, The Vanguard Group

On the heels of Enron and other high-profile debacles, the performance of pension fund managers is one of today's hot-button topics. Investing in Pension Funds and Endowments provides tools and guidance for managers to operate prudently while achieving the high rates of return required for successful longterm asset growth. This accessible how-to reference covers all aspects of tax-free investing for pension funds, endowments, trusts, and foundations.

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From the Back Cover:

Today's most commonsense guidebook for producing superior pension management returns­­without sacrificing your fiduciary responsibilities

Successful investment of pension and endowment assets is more than just a job. It represents a responsibility to the parties involved, one that goes beyond legal requirements to encompass moral and ethical accountability. And in an age when their every move is scrutinized by both investors and regulators, fund managers must find new ways to squeeze all possible profit from the markets while ensuring that their fiduciary performance is beyond reproach.

Investing in Pension Funds and Endowments provides fund managers and investors with the tools and guidance to maintain proper fund oversight while achieving better-than-average rates of return. Russell Olson, named by Institutional Investor as one of America's best pension officers, draws on his decades of frontline experience to provide practical guidance on institutional investment aspects including:

  • Increasing returns
  • Minimizing risks
  • Asset allocation
  • Investment managers
  • Types of potential investments
  • Master trustees and custodians
  • Governance
  • Liabilities

The strategies and insights in Investing in Pension Funds and Endowments, while focused on pension funds, endowments, and foundations, are inherently valuable for virtually any type of institutional investing. Look to it for the solid guidance you need in today's high-volatility, high-reward investment arena.

"Investment returns in a pension fund impact directly a company's competitiveness in the marketplace. Income from endowment funds is the lifeblood of many universities and charitable organizations. If the concepts discussed in these pages help these funds prudently to achieve higher rates of return, then I will feel well repaid for the effort in putting this book together."
--Russell Olson, From the Introduction

Today's spate of high-profile corporate bankruptcies, with the subsequent multibillion-dollar losses incurred by pension funds and other large-scale investors, has put the responsibilities of institutional investment squarely in the public eye. How could fund managers have avoided these debacles? In what ways could they have better met their fiduciary responsibilities?

And, most important, how can institutional investors deliver the performance their constituents expect while managing the risks so prevalent in today's marketplace?

Investing in Pension Funds and Endowments answers these questions and more. Today's most comprehensive guide to prudent yet successful investing for pension funds, endowments, and foundations, it unveils a step-by-step program to:

  • Use diversification strategies not only to manage and mitigate risk but also to take full advantage of the profit potential of riskier investments
  • Understand the myriad factors involved in managing investments in-house versus hiring outside managers and choose what's best for you
  • Select the type of pension plan that will offer the greatest bundle of benefits to both the individual retirees and the plan sponsor

Instead of simply supplying rote answers and opinions, Investing in Pension Funds and Endowments provides the knowledge you need to make the choices your situation demands. What is the best asset class weighting? What is your optimal level of provider plan contributions? Which methods are best for investing in real estate? Russell Olson shows you how to objectively evaluate each alternative and then choose the one that is best suited to your organization's circumstances.

When you invest for pension funds or endowments, the future of hundreds if not thousands of individuals rides on your decisions. Ensure that your decisions are proper and prudent, with the greatest chance for higher-than-average returns, by following the guidelines and strategies contained in Russell Olson's Investing in Pension Funds and Endowments.

About the Author:

Russell Olson has over three decades of experience as an institutional investing consultant and manager. The former director of pension investments for Eastman Kodak, Olson holds an M.B.A. from Harvard Business School and is also the author of The Independent Fiduciary.

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Olson, Russell L.
Published by McGraw-Hill (2003)
ISBN 10: 0071413367 ISBN 13: 9780071413367
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Book Description McGraw-Hill, 2003. Hardcover. Book Condition: New. book. Bookseller Inventory # 71413367

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