KEITH P. AMBACHTSHEER is President of KPA Advisory Services Inc., a pension fund advisory firm based in Toronto. He writes The Ambachtsheer Letter and is the cofounder of Cost Effectiveness Measurement Inc., which monitors the organizational performance of many of the world's largest pension funds. He has contributed to numerous financial publications and is the author of Pension Funds and the Bottom Line. D. DON EZRA has held a number of senior positions in the United States with Frank Russell Company, a pension fund advisory firm whose clients' assets exceed $1 trillion. He is currently Director of European Consulting, based in London. He writes frequently for financial publications. His most recent book was The Struggle for Pension Wealth.

"This is a landmark book on pension fund management. All those with a stake in building pension wealth will profit from this common-sense, and clearly readable, guide to improved pension fund performance."--Burton G. Malkiel, author of A Random Walk Down Wall Street, and Chemical Bank Chairman's Professor of Economics, Princeton University"This is not just another book of theory about how pension funds should be managed, or about how one expert thinks an appropriate asset allocation should be determined . . . There is keen analysis by Messrs. Ambachtsheer and Ezra, both of whom are veteran pension consultants noted for thinking outside the box."--Michael J. Clowes, Editorial Director, Pensions & Investments"Keith Ambachtsheer and Don Ezra, two leading consultants, have written the most comprehensive handbook ever published on pension fund management. It's must reading for all those in a fiduciary role."--W. Allen Reed, President, General Motors Investment Management Corp."Don Ezra and Keith Ambachtsheer are two of the best thinkers in the world of pension fund management. All who care about retirement assets will learn valuable lessons from their new book."--Charles D. Ellis, Managing Partner, Greenwich Associates". . . powerful, authoritative, and provocative critique of a subject that concerns all of us . . ."--Peter L. Bernstein, President, Peter L. Bernstein, Inc., author Against the Gods: The Remarkable Story of Risk

• PENSION FUNDS AS FINANCIAL BUSINESSES: THE NEW "EXCELLENCE" PARADIGM. The Coming Era of Pension Fund Capitalism. How Good Is Pension Fund Management? Mapping the Road to Excellence. WHAT EVERY PENSION FUND FIDUCIARY SHOULD KNOW ... OR HAVE A VIEW ON. What Fiduciaries Should Know about Pension Law and Pension Economics. What Fiduciaries Should Know about Capital Markets. What Fiduciaries Should Know about the Investment Management Services Market. MANAGING THE PENSION FUND BUSINESS. Effective Pension Fund Governance. The Right Funding Policy. The Right Asset Allocation Policy. Creating Value through Policy Implementation. From Data to Information to Knowledge. Managing Small Pension Funds. EXCELLENCE IN ACTION: FROM CASE STUDIES. Excellence in Action: The Teachers' Pension Fund. Excellence in Action: HiTechCo, Mid-West Resources Pension Fund, and the Yale University Investments Office. PENSION FUNDS IN THE TWENTY-FIRST CENTURY: THREE CRITICAL ISSUES. Defined Contribution Plans Are Different, But Are They Better? Fixing "Broke" National Pension Schemes. Pension Funds, Politics, and Power. Index.

KEITH P. AMBACHTSHEER is President of KPA Advisory Services Inc., a pension fund advisory firm based in Toronto. He writes The Ambachtsheer Letter and is the cofounder of Cost Effectiveness Measurement Inc., which monitors the organizational performance of many of the world's largest pension funds. He has contributed to numerous financial publications and is the author of Pension Funds and the Bottom Line. D. DON EZRA has held a number of senior positions in the United States with Frank Russell Company, a pension fund advisory firm whose clients' assets exceed $1 trillion. He is currently Director of European Consulting, based in London. He writes frequently for financial publications. His most recent book was The Struggle for Pension Wealth.

"This is a landmark book on pension fund management. All those with a stake in building pension wealth will profit from this common-sense, and clearly readable, guide to improved pension fund performance."--Burton G. Malkiel, author of A Random Walk Down Wall Street, and Chemical Bank Chairman's Professor of Economics, Princeton University"This is not just another book of theory about how pension funds should be managed, or about how one expert thinks an appropriate asset allocation should be determined . . . There is keen analysis by Messrs. Ambachtsheer and Ezra, both of whom are veteran pension consultants noted for thinking outside the box."--Michael J. Clowes, Editorial Director, Pensions & Investments"Keith Ambachtsheer and Don Ezra, two leading consultants, have written the most comprehensive handbook ever published on pension fund management. It's must reading for all those in a fiduciary role."--W. Allen Reed, President, General Motors Investment Management Corp."Don Ezra and Keith Ambachtsheer are two of the best thinkers in the world of pension fund management. All who care about retirement assets will learn valuable lessons from their new book."--Charles D. Ellis, Managing Partner, Greenwich Associates". . . powerful, authoritative, and provocative critique of a subject that concerns all of us . . ."--Peter L. Bernstein, President, Peter L. Bernstein, Inc., author Against the Gods: The Remarkable Story of Risk

• PENSION FUNDS AS FINANCIAL BUSINESSES: THE NEW "EXCELLENCE" PARADIGM. The Coming Era of Pension Fund Capitalism. How Good Is Pension Fund Management? Mapping the Road to Excellence. WHAT EVERY PENSION FUND FIDUCIARY SHOULD KNOW ... OR HAVE A VIEW ON. What Fiduciaries Should Know about Pension Law and Pension Economics. What Fiduciaries Should Know about Capital Markets. What Fiduciaries Should Know about the Investment Management Services Market. MANAGING THE PENSION FUND BUSINESS. Effective Pension Fund Governance. The Right Funding Policy. The Right Asset Allocation Policy. Creating Value through Policy Implementation. From Data to Information to Knowledge. Managing Small Pension Funds. EXCELLENCE IN ACTION: FROM CASE STUDIES. Excellence in Action: The Teachers' Pension Fund. Excellence in Action: HiTechCo, Mid-West Resources Pension Fund, and the Yale University Investments Office. PENSION FUNDS IN THE TWENTY-FIRST CENTURY: THREE CRITICAL ISSUES. Defined Contribution Plans Are Different, But Are They Better? Fixing "Broke" National Pension Schemes. Pension Funds, Politics, and Power. Index.