Managing Capital Market Risk for Retirement

Authors: Enrico Biffis and Robert Kosowski, Imperial College

Abstract: We offer an overview of solutions available to pension plans to manage capital market risk in order to meet their obligations. We outline the main drivers behind the evolution of asset-liability management (ALM) for pension plans and the emergence of liability-driven investment (LDI) in the last decade. We look at some of the most popular pension de-risking tools and at recent innovations prompted by the Global Financial...

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From: Pension Research Council Boettner Center

Related topics : long tail asset management