Risk Management for Pension Funds and Endowments

Aaron Brown ()
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Aaron Brown: AQR Capital Management

Chapter 11 in Global Asset Management, 2013, pp 209-216 from Palgrave Macmillan

Abstract: Abstract Earlier this year, I was asked to speak at a luncheon for holders of the Financial Risk Manager professional designation who worked for pension funds and endowments. After my remarks, a discussion ensued in which it became clear that there was no consensus on best practice for how to be a risk manager in these types of organizations. The principles of modern financial risk management were developed in proprietary trading organizations; and later adapted first to commercial banking, then to investment banking and finally to agency asset management — that is, the business of managing money for others in return for a fee.

Keywords: Risk Manager; Pension Fund; Investment Manager; Tail Risk; Endowment Fund (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-32887-8_11

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DOI: 10.1057/9781137328878_11

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