Pensions and Retirement Training Course on Investment Performance Measurement
Master Pensions Retirement Training with expert training. 10 Days course with certification. Comprehensive training program. Online & in-person. Enroll now!
Pensions And Retirement Courses10 DaysCertificate Included
Duration
10 Days
Mode
Online & Physical
Certificate
Included
Language
English
Course Overview
This course provides pension fund trustees, managers, and investment professionals with the skills and analytical tools to measure, interpret, and evaluate investment performance effectively. Participants will gain a deep understanding of performance measurement frameworks, benchmarking, attribution analysis, and risk-adjusted performance metrics specific to pension funds. The course combines theory with practical applications to ensure participants can design robust performance monitoring systems that align with fiduciary, regulatory, and strategic pension fund objectives.
Secure enrollment • Professional certificate included
Learning Objectives
By the end of this course, participants will be able to:
Understand the principles and objectives of investment performance measurement.
Apply return calculation methodologies across asset classes.
Develop and interpret appropriate benchmarks for pension portfolios.
Conduct performance attribution and evaluate active management results.
Assess risk-adjusted performance using quantitative metrics.
Integrate performance evaluation into pension fund governance and decision-making.
Implement performance reporting standards in compliance with GIPS and regulatory frameworks.
Use technology and analytical tools to monitor and report portfolio performance.
Link investment performance to funding ratios and liability outcomes.
Develop an end-to-end pension performance evaluation and reporting framework.
Course Content
Module 1: Introduction to Investment Performance Measurement Importance of performance measurement in pension management Objectives and principles of performance evaluation The relationship between return, risk, and pension liabilities Key challenges in measuring long-term pension investment performance Overview of performance standards and best practices Case study: Performance evaluation failures and lessons learned Module 2: Measuring Investment Returns Calculating time-weighted and money-weighted rates of return Portfolio vs. benchmark return analysis Annualized, cumulative, and geometric return calculations Performance measurement across asset classes (equity, fixed income, real estate, alternatives) Impact of cash flows and contributions on return measurement Workshop: Computing and comparing portfolio returns Module 3: Benchmarking Pension Fund Performance Role of benchmarks in performance measurement and evaluation Designing appropriate and customized benchmarks Market indexes vs. liability-based benchmarks Benchmark selection for multi-asset portfolios Benchmark drift and tracking error management Exercise: Building benchmark portfolios for pension funds
Module 4: Performance Attribution Analysis Understanding the sources of investment performance Brinson-Fachler attribution model: allocation, selection, and interaction effects Attribution for fixed income portfolios Attribution across asset classes and multi-manager structures Linking attribution results to manager evaluation and strategy review Workshop: Conducting multi-level performance attribution analysis Module 5: Risk-Adjusted Performance Measurement Introduction to risk-adjusted performance metrics Sharpe ratio, Treynor ratio, and Information ratio Jensen’s Alpha and active risk analysis Downside risk measures: Sortino ratio and Value-at-Risk (VaR) Integrating risk-adjusted metrics into portfolio reviews Case study: Evaluating fund manager performance using risk metrics Module 6: Performance Evaluation in the Pension Context Aligning performance evaluation with pension fund objectives Measuring performance relative to liabilities and funding ratios Integrating asset-liability modeling (ALM) in performance frameworks Evaluating active vs. passive investment performance Long-term vs. short-term performance perspectives Exercise: Linking investment performance to pension solvency outcomes Module 7: Governance, Fiduciary Oversight, and Reporting Standards Fiduciary duties in performance oversight and reporting Global Investment Performance Standards (GIPS) and compliance Transparency and disclosure requirements for pension funds Trustee roles in monitoring investment performance Documentation, audit, and validation of performance data Workshop: Designing a pension fund performance reporting template
Module 8: Technology and Analytics for Performance Monitoring Tools and systems for performance analysis and reporting Using Excel, Power BI, and specialized software for tracking performance Automating data collection and portfolio analytics Integrating dashboards and visualization tools for decision-making Data quality management and accuracy in performance measurement Practical session: Building a digital pension performance dashboard Module 9: Performance Communication and Stakeholder Engagement Communicating performance results to trustees and beneficiaries Structuring investment performance reports for different audiences Managing expectations during market volatility Explaining underperformance and corrective actions Enhancing transparency and accountability through clear reporting Case study: Best practices in pension fund performance communication Module 10: Practical Application and Capstone Project Step-by-step construction of a pension fund performance measurement framework Real-world data analysis and interpretation Developing performance reports and dashboards Group presentations of performance evaluation projects Peer review and expert feedback Course wrap-up, assessment, and certification
Who Should Attend
Pension fund managers, trustees, portfolio analysts, actuaries, compliance officers, financial controllers, investment consultants, risk managers, and regulators involved in pension investment monitoring and evaluation.
