Risk-Management Practices at Large Pension Plans: Findings from a Unique 27-Fund Survey

Posted: 29 May 2013

See all articles by Alexander Beath

Alexander Beath

CEM Benchmarking Inc.

Jody MacIntosh

CEM Benchmarking Inc.

Date Written: May 28, 2013

Abstract

This survey-based study looks at the risk-management practices of large pension funds, relying on responses from 27 funds around the world with total assets of US$2.7 trillion. The primary driver for differences in the number of full-time equivalent risk-management staff (risk FTE), which ranged from 3 to 96, is the complexity of the investment program. We explore differences in risk FTE across seven different risk activities and discuss sources of variation between funds. We also look at “new paradigm” risk-management practices, which have become more common among the participating funds, demonstrating that risk management has become much more prominent.

Keywords: Benchmarking, Enterprise Risk Management, Organizational Design, Pension Fund, Risk Management

Suggested Citation

Beath, Alexander and MacIntosh, Jody, Risk-Management Practices at Large Pension Plans: Findings from a Unique 27-Fund Survey (May 28, 2013). Rotman International Journal of Pension Management, Vol. 6, No. 1, 2013, Available at SSRN: https://ssrn.com/abstract=2271211

Alexander Beath (Contact Author)

CEM Benchmarking Inc. ( email )

80 Richmond Street West, Suite 1300
Toronto ON, M5H 2A4
Canada

Jody MacIntosh

CEM Benchmarking Inc. ( email )

80 Richmond Street West, Suite 1300
Toronto ON, M5H 2A4
Canada

Here is the Coronavirus
related research on SSRN

Paper statistics

Abstract Views
1,071
PlumX Metrics