Université de Neuchâtel

Pension fund governance in Switzerland

Bregnard, Nadège ; Salva, Carolina (Dir.)

Thèse de doctorat : Université de Neuchâtel, 2018 ; 2702.

This thesis studies the internal governance of pension funds with evidence from Switzerland. It is composed of four chapters. Chapter 1 describes the current Swiss occupational pension system with a focus on its governance aspects. It documents in details how the various and different Swiss pension funds are organised and identifies six key structure characteristics to classify them. Chapter 2...

Università della Svizzera italiana

Essays in asset allocation

Leirvik, Thomas ; Trojani, Fabio (Dir.)

Thèse de doctorat : Università della Svizzera italiana, 2014 ; 2014ECO003.

This thesis consists of two chapters. In the first chapter, I analyze the optimal allocation of wealth to cash, bonds, and stocks when the interest rate is stochastic and the stock index has a time-varying mean. I find that, under certain economic conditions, the investor may optimally increase investments in stocks and bonds at the same time, which is due to the dynamic trading policies and...