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Managing risk and reality

Don’t use short-term thinking when implementing long-term strategies. Pension obligations usually stretch 50 to 60 years into the future. As such the pension management goal is efficient long-term accumulation of invested pension contributions into enough capital to meet pensions, while limiting the risk of falling short of target. Unfortunately, thinking clearly about long-term risk and […]

  • December 1, 2006 September 13, 2019
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Match Maker

One of the first investment lessons learned is to invest according to one’s risk tolerance and the investment constraints imposed by the nature of your liabilities. In the defined benefit world, assets that enable you to meet long-term retiree benefit obligations without taking investment risk will look like some kind of long-dated nominal or CPI-indexed […]

  • August 31, 2006 September 13, 2019
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