Investment by Pension Funds

Charles Sutcliffe

Chapter 3 in Finance and Occupational Pensions, 2016, pp 121-190 from Palgrave Macmillan

Abstract: Abstract Pension schemes are major institutional investors, and investment performance has important consequences for pension schemes. In 2014 the assets under management of the largest 300 pension schemes in the world were $15.4 trillion, or an average of $51.3 billion for each scheme (Towers Watson 2015). There are also many tens of thousands of smaller pension schemes, and in 2014 they had assets of roughly $20.7 trillion (Towers Watson 2015). In 2012 pension schemes in the OECD countries had assets worth $32.1 trillion, representing 41 % of the assets held by institutional investors (OECD 2013b). Table 3.1 lists the 45 largest occupational pension schemes in 2014, and shows that 27 of these schemes are American and five are Dutch. Over half of these 45 schemes are for public sector workers, and only a quarter are large corporate schemes.

Keywords: Corporate Governance; Institutional Investor; Socially Responsible Investment; Fund Manager; Asset Allocation (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-94863-5_3

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DOI: 10.1057/978-1-349-94863-5_3

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