Portfolio Management for Pension Funds

Abstract

The implications of modern portfolio theory for pension fund investment management are examined and compared with actual behaviour. It appears that the extent to which pension funds diversify goes far beyond that required for risk reduction, and therefore possible alternative motives are suggested. There is also some evidence of excessive equity trading.

Citation

Witt, S. and Dobbins, R. (1980), "Portfolio Management for Pension Funds", Managerial Finance, Vol. 6 No. 3, pp. 14-22. https://doi.org/10.1108/eb013472