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Unformatted text preview: hedge rate-sensitive May investments investments All Rights Reserved Dr David P Echevarria 8 PENSION PORTFOLIO PENSION EVALUATION & REGULATION EVALUATION A. B. Expense ratios versus performance Academic Measures 1. Sharpe Index: excess return to risk 2. Jensen's Alpha: the ability to earn return independent of Jensen's the market the A. Pension Benefit Guarantee Corporation (PBGC) 1. The FDIC of pension plans B. Pension Funds Must be Prudently Managed; role of Pension Fiduciaries Fiduciaries All Rights Reserved Dr David P Echevarria 9 HOMEWORK QUESTIONS HOMEWORK A. A. B. C. D. E. F. G. H. What is the importance of determining the under- or overfunding of a pension fund? How do accrued benefits differ from vest...
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This document was uploaded on 02/11/2014.

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