| 英文摘要 |
In Taiwan, the Public Service Pension Fund (PSPF) considers including the alternative assets to enhance the performance of the pension fund. However, the PSPF’s experience in alternative investment is still in the initial stage. Therefore, this study collects the information in alternative investment regarding the return and risk patterns, investment, risk management decision and performance measure, to provide a reference for PSPF to handle related operation in the future. In this research project, we review related literature of pension system in other countries to analyze the investment decision-making process, asset allocation type and risk management procedure and to explore their investment process and governance mechanism.
We also through in-depth interviews with industry executives and experts to obtain effective information or analysis that cannot be obtained through the literature collection and analysis. Finally, we put forward specific proposals for strengthening the governance mechanism, asset allocation and investment strategy of the Public Service Pension Fund. |