New ways of looking at risk

By Andrew Capon and Sébastien PageMarch 2006 (Magazine)

John Maynard Keynes wrote in 1924 that, “in the long run, we are all dead”. Existential concerns of a rather more pressing nature afflict pension funds in the Europe and the US as they wrestle with a combined shortfall of more than $600bn (€504bn). The ‘perfect storm’ of falling equity ...