Risk Management for Pensions, Endowments, and Foundations

Praise for Risk Management
for Pensions, Endowments, and Foundations
"The role of the fiduciary is more complicated than ever. Simply recognizing the numerous types of financial investment and legal risks and how they uniquely relate to pension plans, endowments, and foundations is a challenge. Susan Mangiero simplifies this maze in an easy–to–understand fashion in a book that should be a core reading for any trustee."
–Richard Apostolik
President and CEO, Global Association of Risk Professionals, Inc.
"Susan Mangiero knows how to synthesize the elements of financial risk for the novice fiduciary. Whether serving on the audit or investment committee of a pension plan, endowment, or foundation, this book provides valuable insights into the fundamentals of risk assessment, risk measurement, and risk management."
–Suzanne M. Crosby, PhD
Institutional Sales for Foundations & Endowments, Merrill Lynch
"As a legal advisor to nonprofit directors and trustees, I found Susan’s book to be a succinct and clear articulation of the basic principles that every fiduciary needs to understand. It is a resource that I will call upon frequently and refer to others."
–John M. Horak, Esq.
Chairman, Nonprofit Practice Group, Reid and Riege, PC
"In this era of increased nonprofit transparency and accountability, it is more important than ever that private foundation leaders act as responsible stewards of their organizations’ assets. Susan Mangiero’s clear, accessible text on risk management will help foundation decision makers accomplish this vital task more effectively."
–Robert G. Ottenhoff
President and CEO, GuideStar
"I read Susan Mangiero’s book from cover to cover. It is a must–read for all pension fund trustees, particularly for fiduciaries who seek knowledge, without intimidation, on the important topic of risk management and cor porate governance as a foundation for effectively fulfilling their fiduciary duties."
–Cynthia L. Richson
Corporate Governance Officer, Ohio Public Employees Retirement System

Spis treści:
Preface.
List of Abbreviations.
PART ONE: OPERATING ENVIRONMENT.
Chapter 1. Why Focus on Risk Management?
Chapter 2. Corporate Governance and Risk Management.
Chapter 3. Legal and Regulatory Considerations.
Chapter 4. State of Reporting about Institutional Investors.
PART TWO: TOOLBOX.
Chapter 5. Basic Concepts.
Chapter 6. Financial Futures.
Chapter 7. Financial Options.
Chapter 8. Swaps.
Chapter 9. Risk Is a Four–Letter Word.
PART THREE: PUTTING IT ALL TOGETHER.
Chapter 10. Getting Started.
Chapter 11. Risk Management: Fine–Tuning.
PART FOUR: THE FUTURE.
Chapter 12. Looking Ahead.
Appendix.
Notes.
Index.

Nota biograficzna:
SUSAN M. MANGIERO has many years of experience in risk management, valuation, and capital markets. A Chartered Financial Analyst, she holds the designation of Accredited Valuation Analyst from the National Association of Certified Valuation Analysts, and is certified by the Global Association of Risk Professionals as a Financial Risk Manager. She is a member of the American Society of Appraisers and has written extensively on the topics of modeling, valuation, and risk management for Valuation Strategies, Investment Lawyer, Risk Review, RISK, Bank Asset/Liability Management, Expert Evidence Report, Litigation Services Handbook: The Role of the Financial Expert (Wiley), Cases in International Finance (Wiley), and The Handbook of Interest Rate Risk Management. Dr. Mangiero holds a PhD in finance with a minor in math from the University of Connecticut, an MBA in finance from New York University, an MA in economics from George Washington University, a BA in economics from George Mason University, and has done graduate work in computational finance at Carnegie Mellon University.

Okładka tylna:
Praise for Risk Management
for Pensions, Endowments, and Foundations
"The role of the fiduciary is more complicated than ever. Simply recognizing the numerous types of financial investment and legal risks and how they uniquely relate to pension plans, endowments, and foundations is a challenge. Susan Mangiero simplifies this maze in an easy–to–understand fashion in a book that should be a core reading for any trustee."
–Richard Apostolik
President and CEO, Global Association of Risk Professionals, Inc.
"Susan Mangiero knows how to synthesize the elements of financial risk for the novice fiduciary. Whether serving on the audit or investment committee of a pension plan, endowment, or foundation, this book provides valuable insights into the fundamentals of risk assessment, risk measurement, and risk management."
–Suzanne M. Crosby, PhD
Institutional Sales for Foundations & Endowments, Merrill Lynch
"As a legal advisor to nonprofit directors and trustees, I found Susan’s book to be a succinct and clear articulation of the basic principles that every fiduciary needs to understand. It is a resource that I will call upon frequently and refer to others."
–John M. Horak, Esq.
Chairman, Nonprofit Practice Group, Reid and Riege, PC
"In this era of increased nonprofit transparency and accountability, it is more important than ever that private foundation leaders act as responsible stewards of their organizations’ assets. Susan Mangiero’s clear, accessible text on risk management will help foundation decision makers accomplish this vital task more effectively."
–Robert G. Ottenhoff
President and CEO, GuideStar
"I read Susan Mangiero’s book from cover to cover. It is a must–read for all pension fund trustees, particularly for fiduciaries who seek knowl edge, without intimidation, on the important topic of risk management and corporate governance as a foundation for effectively fulfilling their fiduciary duties."
–Cynthia L. Richson
Corporate Governance Officer, Ohio Public Employees Retirement System