Özet:

The aim of this article is to present the growing role of market asset management of pension insurance companies in Bulgaria. Effectiveness of investment management of pension funds is essential to their financial stability in crisis and post crisis environment. Risk management measures and careful assets allocation in investment portfolios of pension funds will play crucial role in following years. The paper is organized as follows: 1) The specific feathers of the Bulgarian pension system are presented and the stages of development of Bulgarian supplementary pension funds are noted; 2) Regulation of pension funds investment policy are described; 3) On the basis of statistic data analysis investment performance of private pension funds in Bulgaria for the period since the onset of world financial crisis till now have been indicated. 4) Tendencies and challenges for investment policy in pension insurance management are outlined

Anahtar Kelimeler: