Alternatives as inflation hedges

Most of modern asset pricing theory and portfolio selection analysis is based on fund separation theorems. These, in a nutshell, advocate that performance and risk are two conflicting objectives that are best managed separately.

In the context of asset allocation decisions with liability constraints, it can be shown that the suitable expression of the fund separation theorem provides rational support for liability-driven investment (LDI) techniques that have recently been promoted by a number of

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: