Advances in the Practice of Public Investment Management

Portfolio Modelling, Performance Attribution and Governance

  • Narayan Bulusu
  • Joachim Coche
  • Alejandro Reveiz
  • Francisco Rivadeneyra
  • Vahe Sahakyan
  • Ghislain Yanou

Table of contents

  1. Front Matter
    Pages i-xxviii
  2. Foreign Reserves Management Strategies: Implementation, Performance and Governance

  3. Asset Allocation and Interest Rate & Credit Risk Environment

    1. Front Matter
      Pages 101-101
    2. Jacob Bjorheim, Joachim Coche, Alex Joia, Vahe Sahakyan
      Pages 103-129
    3. Joachim Coche, Mark Knezevic, Vahe Sahakyan
      Pages 131-159
    4. Marcelo Yoshio Takami
      Pages 161-213
  4. Portfolio Construction

    1. Front Matter
      Pages 245-245
    2. Santiago Alberico, Joachim Coche, Vahe Sahakyan, Omar Zulaica
      Pages 247-274
    3. Marie Brière, Ariane Szafarz
      Pages 291-309
  5. Asset Classes for Public Investors

    1. Front Matter
      Pages 311-311
    2. Claudio Raddatz, Sergio L. Schmukler, Tomás Williams
      Pages 313-340
    3. Gabriel Petre, Olga Sulla, Daniel Vela Barón
      Pages 341-367
    4. Jianjian Jin, Francisco Rivadeneyra, Jesús Sierra
      Pages 369-391
  6. Back Matter
    Pages 393-394

About this book


This book covers the latest advances in the theory and practice of public investment management. It includes the most up-to-date developments in the implementation of public asset management – including multiple contributions on portfolio allocation in varying interest-rate and credit-risk environments. Other highlights include implementation, performance attribution and governance issues surrounding reserves management, portfolio construction techniques appropriate for public investors and an in-depth discussion of the challenges to achieving international diversification.


Investment Management Sovereign Wealth Funds Foreign Reserves Management Pension Funds Fund Governance Investment Performance Measurement Dynamic Asset Allocation Active Management International Asset Management Term-Structure Modelling Factor-Based Asset Management Asset Return Correlation

Editors and affiliations

  • Narayan Bulusu
    • 1
  • Joachim Coche
    • 2
  • Alejandro Reveiz
    • 3
  • Francisco Rivadeneyra
    • 4
  • Vahe Sahakyan
    • 5
  • Ghislain Yanou
    • 6
  1. 1.Bank of CanadaOttawa, ONCanada
  2. 2.Bank for International Settlements (BIS)BaselSwitzerland
  3. 3.Finance DepartmentInter-American Development BankWashington, DCUSA
  4. 4.Bank of CanadaOttawa, ONCanada
  5. 5.Bank for International Settlements (BIS)BaselSwitzerland
  6. 6.World BankWashington, DCUSA

Bibliographic information