RISK MANAGEMENT FOR INVESTMENT / PLACEMENT OF PENSION ASSETS

Abstract

Purpose. The purpose of the article is to analyze the risk management system associated with the investment/placement of pension assets, which is important for ensuring the safety of these assets. Methodology and Approach. The methodology of the research includes: methods of system analysis, risk management, and stress testing. Results. Special attention is paid to stress testing, which is one of the new methods of risk management. In this connection, both its advantages (it shows the stability of fund functioning) and disadvantages (in particular, it does not reflect all the characteristics of the asset, complete information about the issuers, etc.) are revealed. Theoretical and Practical implications. In conclusion, proposals for improving asset management processes are formulated, particularly those relating to stress testing. It is concluded that this method takes into account standard fluctuations with the effect of certain critical moments, but does not take into account the real crisis picture that markets may find themselves in.