AIAS Lunch Seminar, 16 juni: David Hollanders - Tilburg University

The empirical relation between asset management costs and financial performance of Dutch pension funds

David Hollanders

Day: Thursday 16 June 2016
Time: 12.15 – 13.15 hrs.
Location: AIAS, 4th floor Gijsbert van Tienhoven building, room 4.09, Roeterstraat 31, 1018 WB
Registration: Please send an email, preferably before Wednesday 11, 12.00 hrs. to register.
A sandwich will then be provided.

Abstract

The costs of Dutch pension funds have increased in the last decades. The costs, as a percentage of assets invested, doubled between 1992-2009. In 2014 total costs equalled 6.3 billion euro, or 19.6% of annual contributions. Asset management is the largest component of costs. Pension funds claim that the costs are necessary for good financial performance.
Using a unique data-set of Dutch pension funds, the effect of costs on performance are estimated. The hypothesis that higher costs do not lead to better financial results cannot be rejected. This is in line with research of the Dutch supervisor Autoriteit Financiële Markten, indicating that in general passive (and cheaper) asset management does not underperform active asset management.

AIAS lunch Seminar Series in June 2016

21 June 2016

Sharing Economy’s Two Sides of the Coin: A “One Night Stand” for Workers and Sustainability Potential for the Society
Brian Fabo & Jovana Karanovic
Centre for European Policy Studies & UvA Amsterdam

23 June 2016

tba
Janna Besamusca
University of Amsterdam, AIAS


Click here for all the AIAS lunch seminars from January – June 2016
Click here for all the AIAS lunch seminars from August – December 2016

 
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