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New Frontiers in Benchmarking and Liability-Driven Investing
Meeting the challenges of modern investment practice involves the design of novel forms of investment solutions, as opposed to investment products, customised to meet investors' long-term objectives while respecting the short-term (regulatory or otherwise) constraints they have to face.
Author(s) :
Professor of finance and director of EDHEC-Risk Institute.
Professor of finance at EDHEC Business School and scientific director of EDHEC-Risk Institute.
Head of applied research at EDHEC-Risk Institute.
Senior Research Engineer
Presentation :
We argue in this paper that such new forms of investment solutions should rely on the use of improved performance-seeking and liability-hedging building-block portfolios, as well as on the use of improved dynamic allocation strategies. Although each of the ingredients discussed in this paper may already be found separately in existing investment products, we suggest that it is only by putting the pieces of the puzzle together, and by combining the underlying sources of expertise and added value that the asset management industry will satisfactorily address investors' needs.| Type : | Publication EDHEC |
|---|---|
| Date : | le 28/09/2010 |
| Extra information : | For more information, please contact Joanne Finlay, EDHEC Research and Development Department [ joanne.finlay@edhec.edu ] The contents of this paper do not necessarily reflect the opinions of EDHEC Business School. |
| Research Cluster : | Finance |
See Also
About EDHEC
Operating from campuses in Lille, Nice, Paris, London and Singapore, EDHEC is one of the world’s top 20 business schools. Fully international and directly connected to the business world, EDHEC is a school for business, rather than a business school, where excellence in teaching and research focuses on innovation to stimulate entrepreneurship and creativity. For business from birth and dedicated to business, EDHEC makes entrepreneurs for life, able to remodel or create successful businesses wherever they work.
EDHEC functions as a genuine laboratory of ideas and produces innovative solutions valued by businesses. The School’s teaching philosophy, inspired by its award-winning research activities, focuses on “learning by doing”.
