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Bridge over ocean
1 January 1987 Research Foundation

A New Perspective on Asset Allocation

  1. Martin L. Leibowitz, PhD

When the future liabilities of a pension fund are taken into account, a dimension of risk quite different from the risk of fluctuation in the market value of assets becomes prominent.

A New Perspective on Asset Allocation View the full book (PDF)

When the future liabilities of a pension fund are taken into account, a dimension of risk quite different from the risk of fluctuation in the market value of assets becomes prominent. This monograph provides a framework for pension fund managers to assess such risk.

Publisher Information
The CFA Institute Research Foundation 75 pages