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Gouvernance et investissement des fonds de pension privés aux Etats-Unis

  • Anne Lavigne

    ()

    (LEO - Laboratoire d'économie d'Orleans - CNRS - UO - Université d'Orléans)

This contribution provides a description of the governance of US pension funds and its implication for portfolio selection. In a first section, starting with the description of the general governance scheme, we show the difference between defined contribution (DC) and defined benefit (DB) pension funds. In a second session, we examine the consequences of these governance schemes on the investment strategies of pension funds, again stressing the differences between DC and DB funds.

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Paper provided by HAL in its series Working Papers with number halshs-00081401.

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Date of creation: 23 Jun 2006
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Handle: RePEc:hal:wpaper:halshs-00081401
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