Liabilities and matching strategies
Austria’s equity puzzle
01 Apr 2010
Barbara Ottawa finds Austrian pension funds focused on the here-and-now, especially when it comes to risk management. The equity returns of 2009 are no future panacea
Liabilities & Matching Strategies: Stractical
01 Apr 2010
There are several ways to make LDI implementation smarter, but practitioners differ significantly over whether or not these are tactical moves – and the extent to which they should deviate from the...
Liabilities & Matching Strategies: Bespoke fit, chainstore refund policy
01 Apr 2010
The benefit that swaps bring to liability driven investing, of being able to create a bespoke hedge across almost the entire tenor of a scheme-specific liabilities curve, comes at a price:...
Liabilities & Matching Strategies: More bedtime reading from ASB
01 Apr 2010
Stephen Bouvier looks at the UK ASB’s latest recommendations on pension liability accounting, and how they fit with ongoing IASB efforts
Liabilities & Matching Strategies: Inflation and pensions
01 Apr 2010
Theo Kocken welcomes the recommendations of the Frijns Committee, which would bring the FTK in line with the effective ambitions of pension funds to provide indexed pensions
Liabilities & Matching Strategies: Modelling realities
01 Apr 2010
Con Keating identifies some key problems in asset-liability modelling and liability-driven investment based on mixed-attribute accounting
Liabilities & Matching Strategies: All the King’s men
01 Apr 2010
Rodrigo Olivares-Caminal untangles the issues for pension funds that find themselves creditors of a sovereign in default
Sovereign cycles: a return to the norm?
01 Apr 2010
The absence of a sovereign debt crisis between 2003 and 2008 was part of the historical cycle, not a new paradigm, writes Scott B MacDonald. Bond-biased investors should prepare for the inevitable...
