ASSESSMENT OF ASSET ALLOCATION DECISION-MAKING BEHAVIOUR OF PRIVATE PENSION FUND MANAGERS [N GHANA

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ABSTRACT Private pensIOns In Ghana by law are defined contribution schemes established to enhance retirement benefits for contributors. The performance ofprivatc pension schemes hugely relies on the expertise and investment decisions of fund managers. II is, therefore, worthwhile to interrogate the factors that influence investment decisions. This paper presents the result of a case stud y of the factors that influence the asset allocation decisions of private pension fund managers in Ghana. A thematic ana lysis was employed to identify patterns of thought amongst the fund managers sampled fo r th is study. Data collected and analysed showed that currency stability, regulations, political/economic cycles, sponsor investment philosophy and objective and the risk appetite of pension fund managers are the significant factors that influence asset allocation decisions of pri vate pension fund managers. 

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