Ontario Teachers' Pension Plan Board: Value at Risk

內容大綱
The Ontario Teachers' Pension Plan Board, Canada's largest pension fund with over $40 billion in assets, had just listened to a presentation addressing a method for identifying and controlling the pension fund's exposure to market risks known as Value At Risk. The Board needed to understand what Value At Risk represented, what assumptions went into the risk management systems and how it might impact on policy decisions. This case introduces students to the risk management of investment portfolios, highlighting benefits and limitations.
學習目標
The case attempts to achieve numerous teaching objectives such as understanding the: different types of risk; concept of VAR; concept of MEaR; importance and use of derivative instruments.
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