Those charged with constructing asset portfolios capable of meeting insurance and pension liabilities have to squeeze every last drop of return for the risks they take. In the face of rising life expectancy and deficits there is a growing sense that traditional methods are not enough.
But the decision makers face huge challenges. They must pick fundamental sources of return - so-called beta - within a limited risk budget. Within the same risk budget, they must also find managers capable of de
The week on Risk.net, July 7-13, 2018Receive this by email