This presentation investigates the relationship between governance, investment performance and asset allocation of pension funds in Switzerland.
The authors of the study found empirical evidence that pension fund governance is positively related to excess returns, benchmark outperformance and Sharpe ratios. Pension funds in the top governance quartile outperform those in the bottom quartile by approximately 1% in terms of average excess returns and benchmark deviation.
The presentation focuses on the research findings of the academic paper written by Christian Ehmann and Manuel Ammann (Swiss Institute of Banking and Finance, University of St.Gallen)
Dr. Christian Ehmann is a fund research analyst at J.Safra Sarasin. Prior to that he was PhD at Swiss Institute of Banking and Finance, University of St.Gallen.