Is active management of mandatory pension funds in Croatia creating value for second pillar fund members?

This paper analyses Croatian mandatory pension funds’ investment returns during the 2005-2014 period using performance attribution methodology. Results from active investment management are compared to a long-term policy return. Such analysis is essential to shed light on the contribution of active...

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Bibliographic Details
Main Authors: Petar-Pierre Matek, Maša Radaković
Format: Article
Language:English
Published: Institute of Public Finance 2015-09-01
Series:Financial Theory and Practice
Subjects:
Online Access: http://fintp.ijf.hr/upload/files/ftp/2015/3/matek_radakovic.pdf