The pension trustee's investment guide / Robin Ellison and Adam Jolly.

Includes bibliographical references and index.

Print version record.

Understanding financial markets. Far too many pension trustees - even in large funds - have an inadequate understanding of investment and financial markets. This book - tailored specifically for pension fund trustees - fills an important knowledge gap. Designed as a practical, easy-to-follow guide to the new financial environment in which pension trustees are learning to operate, it provides you with a set of working definitions, and the financial techniques and tools needed in order to improve returns and safeguard risks. It summarises the latest thinking and techniques in traditional assets, such as equities, bonds, property and cash, and examines the potential for investing in less conventional asset classes, such as hedge funds, private equity and commodities, where both rewards and risks can be high.

Foreword; Contents; Part1 The trustee as investor; Chapter 1 The trustee's role; Chapter 2 Scheme funding; Chapter 3 Powers to invest; Chapter 4 Asset allocation; Part 2 Core assets; Chapter 5 Quoted equities (shares); Chapter 6 Bonds; Chapter 7 Property; Chapter 8 Cash; Part 3 Alternative assets; Chapter 9 Private equity; Chapter 10 Hedge funds; Chapter 11 Commodities; Chapter 12 Infrastructure; Part 4 Derivatives; Chapter 13 Risk instruments; Chapter 14 Futures; Chapter 15 Swaps; Chapter 16 Options; Part 5 Alternative strategies; Chapter 17 Liability driven investment

Chapter 18 Multi-asset investingChapter 19 Portable alpha; Chapter 20 Pooling; Appendices; APPENDIX I The bluffer's guide; APPENDIX II The British Pensions System; APPENDIX III Pensions by numbers; APPENDIX IV Bluffer's cases; APPENDIX V Addresses; APPENDIX VI Further reading; Index of advertisers; Pension Trustee's Investment Guide -- Free Copy Offer

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