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<channel>
	<title>AllAboutAlpha.com &#187; Liability Driven Investing</title>
	<atom:link href="http://allaboutalpha.com/blog/category/postingcategories/liabinv/feed/" rel="self" type="application/rss+xml" />
	<link>http://allaboutalpha.com/blog</link>
	<description>Hedge funds, portable alpha, 130/30 and alpha-centric investing</description>
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			<item>
		<title>Report says that after 2008, &#8220;the case for LDI has moved from the head to the heart&#8221;</title>
		<link>http://allaboutalpha.com/blog/2009/01/15/report-says-that-after-2008-the-case-for-ldi-has-moved-from-the-head-to-the-heart/</link>
		<comments>http://allaboutalpha.com/blog/2009/01/15/report-says-that-after-2008-the-case-for-ldi-has-moved-from-the-head-to-the-heart/#comments</comments>
		<pubDate>Fri, 16 Jan 2009 01:40:15 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Liability Driven Investing]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4057</guid>
		<description><![CDATA[Russell Investments says LDI has been moving slowly from academic journals to the mainstream.  But 2009 will the the year when attitudes really change.  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/01/15/report-says-that-after-2008-the-case-for-ldi-has-moved-from-the-head-to-the-heart/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Alternative Investments for Institutional Investors: Risk Budgeting Techniques in Asset Management and Asset-Liability Management</title>
		<link>http://allaboutalpha.com/blog/2009/01/01/alternative-investments-for-institutional-investors-risk-budgeting-techniques-in-asset-management-and-asset-liability-management/</link>
		<comments>http://allaboutalpha.com/blog/2009/01/01/alternative-investments-for-institutional-investors-risk-budgeting-techniques-in-asset-management-and-asset-liability-management/#comments</comments>
		<pubDate>Thu, 01 Jan 2009 16:06:07 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Institutional Investing]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=4491</guid>
		<description><![CDATA[By: Noel Amenc, Lionel Martellini, Volker Ziemann (Edhec)
Published: January 2009
Abstract: This paper presents an empirical analysis of the benefits of alternative forms of investment strategies from an assetliability management perspective. Using a vector error correction model (VECM) that explicitly distinguishes between shortterm and long-term dynamics in the joint distribution of asset returns and inflation, we [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2009/01/01/alternative-investments-for-institutional-investors-risk-budgeting-techniques-in-asset-management-and-asset-liability-management/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Living with Longevity</title>
		<link>http://allaboutalpha.com/blog/2008/11/01/living-with-longevity/</link>
		<comments>http://allaboutalpha.com/blog/2008/11/01/living-with-longevity/#comments</comments>
		<pubDate>Sat, 01 Nov 2008 14:51:20 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=5002</guid>
		<description><![CDATA[By: Natalie Winter (Aberdeen Investment Management) &#38; Alistair Byrne (University of Edinburgh Business  School)
Published: November 2008
 
Abstract: Longevity is recognised as a key risk. The pension schemes surveyed recognise longevity as an important determinant of future funding; current media coverage on buyouts shows that concerns about longevity are certainly influencing trustees’ decisions. The pension [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/11/01/living-with-longevity/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Poll reveals explosive growth in LDI</title>
		<link>http://allaboutalpha.com/blog/2008/09/01/poll-reveals-explosive-growth-in-ldi/</link>
		<comments>http://allaboutalpha.com/blog/2008/09/01/poll-reveals-explosive-growth-in-ldi/#comments</comments>
		<pubDate>Tue, 02 Sep 2008 00:00:47 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Liability Driven Investing]]></category>
		<category><![CDATA[Today's Post]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=3265</guid>
		<description><![CDATA[SEI released a poll of pension plans last week that reveals what is probably the biggest story in institutional investing last year - and it's not hedge funds (per se).]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/09/01/poll-reveals-explosive-growth-in-ldi/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>LDI: The Quest for &#8220;Del Boca Vista&#8221;</title>
		<link>http://allaboutalpha.com/blog/2008/07/07/ldi-the-quest-for-del-boca-vista/</link>
		<comments>http://allaboutalpha.com/blog/2008/07/07/ldi-the-quest-for-del-boca-vista/#comments</comments>
		<pubDate>Tue, 08 Jul 2008 01:00:15 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Liability Driven Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2008/07/07/ldi-the-quest-for-del-boca-vista/</guid>
		<description><![CDATA[The release of a new survey on liability-driven investing prompted us to ask ourselves what the strategy was really all about.  ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/07/07/ldi-the-quest-for-del-boca-vista/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Liability Driven Solutions: Tackling the Challenges for Pension Schemes (video)</title>
		<link>http://allaboutalpha.com/blog/2008/06/09/liability-driven-solutions-tackling-the-challenges-for-pension-schemes-video/</link>
		<comments>http://allaboutalpha.com/blog/2008/06/09/liability-driven-solutions-tackling-the-challenges-for-pension-schemes-video/#comments</comments>
		<pubDate>Mon, 09 Jun 2008 12:18:44 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=3368</guid>
		<description><![CDATA[By: AXA Investment Managers
Published: 2008
(35 minute video)
  
  
    
]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2008/06/09/liability-driven-solutions-tackling-the-challenges-for-pension-schemes-video/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Long-Duration Overlay Strategies</title>
		<link>http://allaboutalpha.com/blog/2007/11/10/long-duration-overlay-strategies/</link>
		<comments>http://allaboutalpha.com/blog/2007/11/10/long-duration-overlay-strategies/#comments</comments>
		<pubDate>Sat, 10 Nov 2007 18:21:19 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2680</guid>
		<description><![CDATA[By: PIMCO
Published: November 2007
Abstract: The trend toward liability-driven investing has increased demand for strategies that can help to hedge long-duration liabilities. In the interview below, Jim Moore and Rene Martel discuss the pros and cons of long-duration overlays as a strategy that may improve the match between assets and liabilities without significantly disrupting a pension [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/11/10/long-duration-overlay-strategies/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Guide to LDI Solutions</title>
		<link>http://allaboutalpha.com/blog/2007/11/09/guide-to-ldi-solutions/</link>
		<comments>http://allaboutalpha.com/blog/2007/11/09/guide-to-ldi-solutions/#comments</comments>
		<pubDate>Fri, 09 Nov 2007 12:30:10 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=3370</guid>
		<description><![CDATA[By: Professional Pensions Magazine / AXA Investment Managers
Published: November 2007
Introduction: Liability-driven investment as a strategy has gathered pace over the last few years, as trustees, sponsors and regulatory authorities have become more focused on addressing liabilities. This supplement &#8211; published in association with AXA Investment Managers &#8211; provides a comprehensive guide to LDI, from its [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/11/09/guide-to-ldi-solutions/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Liability Driven Investing: Best Practice, Buzzword or Baby with a Future?</title>
		<link>http://allaboutalpha.com/blog/2007/10/10/liability-driven-investing-best-practice-buzzword-or-baby-with-a-future/</link>
		<comments>http://allaboutalpha.com/blog/2007/10/10/liability-driven-investing-best-practice-buzzword-or-baby-with-a-future/#comments</comments>
		<pubDate>Wed, 10 Oct 2007 16:06:20 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2695</guid>
		<description><![CDATA[By: Phillips, Hager &#38; North Investment Management
Published: October 2007 (presentation)
Abstract: Corporate and municipal plans are examining their asset-liability mismatch; Professional bodies are considering introducing revised rules; PBGC (in)solvency creates awareness of the risks and consequences; There are plenty of opportunities for LDI but it has not been implemented widely.
   
     
    
]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/10/10/liability-driven-investing-best-practice-buzzword-or-baby-with-a-future/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Liability Driven Investment Strategies: What ERISA Fiduciaries Need to Know</title>
		<link>http://allaboutalpha.com/blog/2007/09/10/liability-driven-investment-strategies-what-erisa-fiduciaries-need-to-know/</link>
		<comments>http://allaboutalpha.com/blog/2007/09/10/liability-driven-investment-strategies-what-erisa-fiduciaries-need-to-know/#comments</comments>
		<pubDate>Mon, 10 Sep 2007 15:51:12 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Regulation]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2700</guid>
		<description><![CDATA[By: Jenner &#38; Block LLP
Published: September 2007
Abstract: Liability driven investment (LDI) strategies are the next “new” thing in defined benefit pension plan investing. Having been in vogue for some time in the United Kingdom and the European Union,  LDI strategies are starting to gain traction in the United States. This interest is a response to [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/09/10/liability-driven-investment-strategies-what-erisa-fiduciaries-need-to-know/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Manager suggests possible conflict of interest in Liability-Driven Investing</title>
		<link>http://allaboutalpha.com/blog/2007/09/04/manager-suggests-a-conflict-of-interest-in-liability-driven-investing/</link>
		<comments>http://allaboutalpha.com/blog/2007/09/04/manager-suggests-a-conflict-of-interest-in-liability-driven-investing/#comments</comments>
		<pubDate>Wed, 05 Sep 2007 00:12:17 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Liability Driven Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/09/04/manager-suggests-a-conflict-of-interest-in-liability-driven-investing/</guid>
		<description><![CDATA[There seems to be a growing debate about the best way for pensions to match their assets and liabilities.  And at least one manager is even suggesting there may be a conflict of interest brewing.]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/09/04/manager-suggests-a-conflict-of-interest-in-liability-driven-investing/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>LDI Sausage</title>
		<link>http://allaboutalpha.com/blog/2007/07/30/ldi-sausage/</link>
		<comments>http://allaboutalpha.com/blog/2007/07/30/ldi-sausage/#comments</comments>
		<pubDate>Tue, 31 Jul 2007 01:00:46 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Liability Driven Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/07/30/ldi-sausage/</guid>
		<description><![CDATA[While many people love a good sausage with their eggs, no one wants to see how they're made.  Apparently, ING has now applied the same logic to liablity driven investing (LDI).]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/07/30/ldi-sausage/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Liability Driven Investing: The Global Truth On Use of These Strategies</title>
		<link>http://allaboutalpha.com/blog/2007/07/30/liability-driven-investing-the-global-truth-on-use-of-these-strategies/</link>
		<comments>http://allaboutalpha.com/blog/2007/07/30/liability-driven-investing-the-global-truth-on-use-of-these-strategies/#comments</comments>
		<pubDate>Mon, 30 Jul 2007 17:24:46 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=3273</guid>
		<description><![CDATA[By: SEI Investments
Published: July 2007
Introduction: The Pension Management Research Panel recently conducted a global Quick Poll of pension executives from four countries &#8211; Canada, Netherlands, United Kingdom and United States. The poll was completed by a total of 226 executives overseeing pensions ranging from US $30 million to over US $5 billion in assets. The [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/07/30/liability-driven-investing-the-global-truth-on-use-of-these-strategies/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Liability Driven Investing Solutions (Credit Suisse)</title>
		<link>http://allaboutalpha.com/blog/2007/07/15/liability-driven-investing-solutions-credit-suisse/</link>
		<comments>http://allaboutalpha.com/blog/2007/07/15/liability-driven-investing-solutions-credit-suisse/#comments</comments>
		<pubDate>Sun, 15 Jul 2007 19:33:35 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2398</guid>
		<description><![CDATA[By: Credit Suisse
Published: 2007 
Abstract: This brochure puts forward Liability Driven Investment (LDI) solutions developed by Credit Suisse and is intended as a follow up to the ‘Case for LDI’ paper. The ‘Case for’ paper concluded that it was potentially beneficial for Defined Benefit pension schemes to adopt an LDI solution in order to meet both [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/07/15/liability-driven-investing-solutions-credit-suisse/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Liability Driven Investments (Principal Group)</title>
		<link>http://allaboutalpha.com/blog/2007/07/15/liability-driven-investments-principal-group/</link>
		<comments>http://allaboutalpha.com/blog/2007/07/15/liability-driven-investments-principal-group/#comments</comments>
		<pubDate>Sun, 15 Jul 2007 19:30:58 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2396</guid>
		<description><![CDATA[By: The Principal Group
Published: 2007
Abstract: Liability driven investment strategies (LDI) will increasingly be utilized to reduce the mismatch between the duration or interest rate sensitivity of a plan’s liabilities relative to a plan’s assets. LDI strategies are investment strategies that explicitly endeavor to reduce the mismatch between the projected cash flows of a plan’s obligations [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/07/15/liability-driven-investments-principal-group/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Closing the Gap: Addressing the Liability Challenge</title>
		<link>http://allaboutalpha.com/blog/2007/06/10/closing-the-gap-addressing-the-liability-challenge/</link>
		<comments>http://allaboutalpha.com/blog/2007/06/10/closing-the-gap-addressing-the-liability-challenge/#comments</comments>
		<pubDate>Sun, 10 Jun 2007 18:48:42 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2673</guid>
		<description><![CDATA[By: Goldman Sachs
Published: 2007
Abstract: The interest rate environment over the past several years has made plan sponsors acutely aware that the duration mismatch between their assets and liabilities poses a significant risk to the solvency of their plans. Indeed, for many plans, nearly half of the surplus risk can be derived from this mismatch in [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/06/10/closing-the-gap-addressing-the-liability-challenge/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Liability Driven Investing: Setting The Benchmark</title>
		<link>http://allaboutalpha.com/blog/2007/06/10/liability-driven-investing-setting-the-benchmark/</link>
		<comments>http://allaboutalpha.com/blog/2007/06/10/liability-driven-investing-setting-the-benchmark/#comments</comments>
		<pubDate>Sun, 10 Jun 2007 17:54:14 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2690</guid>
		<description><![CDATA[By: Pyramis Global Advisors
Published: 2007

Abstract: Liability driven investing (LDI) is an asset allocation framework that focuses on the relationship between pension assets and liabilities with the ultimate objective of reducing plan sponsor financial statement and funding volatility. As a result of recent accounting and funding rule changes affecting defined benefit (DB) plans, plan sponsors are [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/06/10/liability-driven-investing-setting-the-benchmark/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>LDI and Equity Duration</title>
		<link>http://allaboutalpha.com/blog/2007/06/10/ldi-and-equity-duration/</link>
		<comments>http://allaboutalpha.com/blog/2007/06/10/ldi-and-equity-duration/#comments</comments>
		<pubDate>Sun, 10 Jun 2007 16:10:36 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2694</guid>
		<description><![CDATA[By: The Brandes Institute
Published: 2007
Abstract: In this article, the Brandes Institute profiles the interest in LDI, summarizes their findings on methods for calculating equity duration, and raises questions about asset-liability matching.
]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/06/10/ldi-and-equity-duration/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Liability Driven Investing: Challenges and Opportunities</title>
		<link>http://allaboutalpha.com/blog/2007/05/10/liability-driven-investing-challenges-and-opportunities/</link>
		<comments>http://allaboutalpha.com/blog/2007/05/10/liability-driven-investing-challenges-and-opportunities/#comments</comments>
		<pubDate>Thu, 10 May 2007 13:44:16 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2706</guid>
		<description><![CDATA[By: Chicago Board of Trade
Published: May 2007
Abstract: Fretting over the free and easy ways of government fiscal policy, the late Senator Everett Dirksen of Illinois once said, “A billion here, a billion there—pretty soon it adds up to real money.” This is still true. Take the case of the New Jersey public pension system. A [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/05/10/liability-driven-investing-challenges-and-opportunities/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Swaps: &#8220;The hand in the absolute return glove&#8221;</title>
		<link>http://allaboutalpha.com/blog/2007/05/03/swaps-the-hand-in-the-absolute-return-glove/</link>
		<comments>http://allaboutalpha.com/blog/2007/05/03/swaps-the-hand-in-the-absolute-return-glove/#comments</comments>
		<pubDate>Fri, 04 May 2007 01:43:41 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Liability Driven Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/05/03/swaps-the-hand-in-the-absolute-return-glove/</guid>
		<description><![CDATA[Liability-driven investing traditionally involves measuring pension fund returns against a benchmark made up of the plan's own liabilities.  But what if you could swap those liabilities for fixed ones?]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/05/03/swaps-the-hand-in-the-absolute-return-glove/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Portable Alpha: A Risk-Efficient Approach to LDI</title>
		<link>http://allaboutalpha.com/blog/2007/04/10/portable-alpha-a-risk-efficient-approach-to-ldi/</link>
		<comments>http://allaboutalpha.com/blog/2007/04/10/portable-alpha-a-risk-efficient-approach-to-ldi/#comments</comments>
		<pubDate>Tue, 10 Apr 2007 17:27:23 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2693</guid>
		<description><![CDATA[By: Northern Trust
Published: April 2007
Abstract: Managing assets to a defined benefit plan’s liabilities offers many choices, each with a strategic trade off. For example, full immunization matches a pension plan’s assets to its liabilities, but it generates no excess return. Moving further along the risk/ return spectrum, investors will find traditional allocations offering higher alpha [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/04/10/portable-alpha-a-risk-efficient-approach-to-ldi/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Implementing an LDI framework (Portable Alpha)</title>
		<link>http://allaboutalpha.com/blog/2007/04/09/implementing-an-ldi-framework-portable-alpha/</link>
		<comments>http://allaboutalpha.com/blog/2007/04/09/implementing-an-ldi-framework-portable-alpha/#comments</comments>
		<pubDate>Mon, 09 Apr 2007 17:17:24 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>
		<category><![CDATA[Portable Alpha & Alpha/Beta Separation]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2757</guid>
		<description><![CDATA[By: Barclays Global Investors
Published: April 2007 (presentation)
Abstract: This presentation looks at: Constructing liability driven investment solutions; Pension scheme risks; Sources of risk – current strategies; Corporate finance theory (Black et al); LDI – practice; Liability Driven Investment = spending the risk budget wisely; Minimising long only impact; Investment efficiency in a liability context; Building block [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/04/09/implementing-an-ldi-framework-portable-alpha/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>LDI: Portable Alpha&#8217;s First Cousin</title>
		<link>http://allaboutalpha.com/blog/2007/03/27/ldi-portable-alphas-first-cousin/</link>
		<comments>http://allaboutalpha.com/blog/2007/03/27/ldi-portable-alphas-first-cousin/#comments</comments>
		<pubDate>Wed, 28 Mar 2007 00:49:47 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Liability Driven Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2007/03/27/ldi-portable-alphas-first-cousin/</guid>
		<description><![CDATA[On the family tree of modern investment management â€œLDIâ€ and â€œPortable Alphaâ€ are first cousins.  Unfortunately, familial affection doesnâ€™t necessarily go both ways.  But LDI is doing fine, thanks. ]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/03/27/ldi-portable-alphas-first-cousin/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Asset Liability Management Decisions in Private Banking</title>
		<link>http://allaboutalpha.com/blog/2007/02/15/asset-liability-management-decisions-in-private-banking/</link>
		<comments>http://allaboutalpha.com/blog/2007/02/15/asset-liability-management-decisions-in-private-banking/#comments</comments>
		<pubDate>Thu, 15 Feb 2007 19:18:53 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2390</guid>
		<description><![CDATA[By: Noel Amenc, Lionel Martellini, Volker Ziemann, Edhec
Published: February 2007
Abstract:  High net worth individuals (HNWIs) have numerous characteristics, in terms of assets under management and the sophistication of their requirements, that they share with institutional investors. This is a fact that has long been recognised by the marketing departments of asset management companies and private [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/02/15/asset-liability-management-decisions-in-private-banking/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>LDI: Safety and Performance</title>
		<link>http://allaboutalpha.com/blog/2007/02/10/ldi-safety-and-performance/</link>
		<comments>http://allaboutalpha.com/blog/2007/02/10/ldi-safety-and-performance/#comments</comments>
		<pubDate>Sat, 10 Feb 2007 19:02:23 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2671</guid>
		<description><![CDATA[By: Benefits and Pensions Monitor
Published: February 2007
Abstract: A Q&#38;A between– Adam Bomers, manager, pension investments, RBC Royal Bank; Robert Cultraro, director, Hydro One Inc. Pension Fund; Tristram S. Lett, managing director, Integra Absolute Return Strategies Integra; Peter Muldowney, worldwide partner, Mercer Investment Consulting; and Johannus A. Poos, director, global pensions, Nortel – will endeavour to [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/02/10/ldi-safety-and-performance/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Property: Its Role in Liability Driven Investing</title>
		<link>http://allaboutalpha.com/blog/2007/02/10/property-its-role-in-liability-driven-investing/</link>
		<comments>http://allaboutalpha.com/blog/2007/02/10/property-its-role-in-liability-driven-investing/#comments</comments>
		<pubDate>Sat, 10 Feb 2007 13:40:36 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2707</guid>
		<description><![CDATA[By: Schroders
Published: February 2007
Abstract: At Schroders, we see Liability Driven Investment (LDI) as a broad framework to manage pension scheme risk. Under LDI, investment policies are clearly aligned with the scheme&#8217;s objectives, with risk and return both measured in relation to the scheme&#8217;s liabilities. What role can property play in an LDI world is, of [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/02/10/property-its-role-in-liability-driven-investing/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Liability-Driven Investing: Setting the Course for LDI</title>
		<link>http://allaboutalpha.com/blog/2007/01/15/liability-driven-investing-setting-the-course-for-ldi/</link>
		<comments>http://allaboutalpha.com/blog/2007/01/15/liability-driven-investing-setting-the-course-for-ldi/#comments</comments>
		<pubDate>Mon, 15 Jan 2007 19:55:42 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2410</guid>
		<description><![CDATA[By: Northern Trust
Published: January 2007
Abstract: Greenwich Associates and Northern Trust designed a custom market research project to collect feedback from 140 plan sponsors in Europe and North America about their perceptions, understanding and actual usage of LDI. Among the many important findings of the research, one in particular stood out. As Greenwich Associates consultant Lori [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2007/01/15/liability-driven-investing-setting-the-course-for-ldi/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Liability-Driven Investing and the New Pension Environment (JP Morgan)</title>
		<link>http://allaboutalpha.com/blog/2006/12/15/liability-driven-investing-and-the-new-pension-environment-jp-morgan/</link>
		<comments>http://allaboutalpha.com/blog/2006/12/15/liability-driven-investing-and-the-new-pension-environment-jp-morgan/#comments</comments>
		<pubDate>Fri, 15 Dec 2006 19:37:45 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2400</guid>
		<description><![CDATA[By: JP Morgan
Published: December 2006
Abstract: a change away from an asset-only focus to an asset-liability focus is worthy of consideration by all pension plans — both corporate and public.  The underfunding crisis of the past several years has highlighted systemic weaknesses in the asset only approach to plan management. In addition, long-term trends will continue [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/12/15/liability-driven-investing-and-the-new-pension-environment-jp-morgan/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Legal warning over too safe LDI</title>
		<link>http://allaboutalpha.com/blog/2006/11/21/legal-warning-over-%e2%80%9ctoo-safe%e2%80%9d-ldi/</link>
		<comments>http://allaboutalpha.com/blog/2006/11/21/legal-warning-over-%e2%80%9ctoo-safe%e2%80%9d-ldi/#comments</comments>
		<pubDate>Wed, 22 Nov 2006 01:48:48 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Liability Driven Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/2006/11/21/legal-warning-over-%e2%80%9ctoo-safe%e2%80%9d-ldi/</guid>
		<description><![CDATA[By: Daniel Brooksbank, IPE.com
Published: November 20, 2006
Clients of Portable Alpha&#8217;s cousin Liability-Driven Investing (LDI), take note:  According to UK law firm Reynolds Porter Chamberlain, trustees who embrace LDI can leave themselves exposed to negligence claims for being too conservative.
According to IPE.com:
&#8220;Reynolds&#8217; partner Simon Goldring said the strategy could be storing up problems for the future: &#8216;A [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/11/21/legal-warning-over-%e2%80%9ctoo-safe%e2%80%9d-ldi/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Liability Driven Investing: Evaluating a Pension Plan&#8217;s Assets in the Context of Its Liabilities (Northern Trust)</title>
		<link>http://allaboutalpha.com/blog/2006/11/15/liability-driven-investing-evaluating-a-pension-plans-assets-in-the-context-of-its-liabilities/</link>
		<comments>http://allaboutalpha.com/blog/2006/11/15/liability-driven-investing-evaluating-a-pension-plans-assets-in-the-context-of-its-liabilities/#comments</comments>
		<pubDate>Wed, 15 Nov 2006 19:41:31 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2402</guid>
		<description><![CDATA[By: Northern Trust
Published: November 2006
Abstract: This paper addresses how we see the investment strategies of pension funds changing in response both to these regulatory changes and to the negative market conditions of recent years. This leads us to Liability Driven Investing, or LDI. It is a popular topic at industry conferences and in trade publications, [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/11/15/liability-driven-investing-evaluating-a-pension-plans-assets-in-the-context-of-its-liabilities/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Liability-Driven Investing &#8211; from Thesis to Action</title>
		<link>http://allaboutalpha.com/blog/2006/10/10/liability-driven-investing-from-thesis-to-action/</link>
		<comments>http://allaboutalpha.com/blog/2006/10/10/liability-driven-investing-from-thesis-to-action/#comments</comments>
		<pubDate>Tue, 10 Oct 2006 18:44:16 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2674</guid>
		<description><![CDATA[By: Goldman Sachs / Institutional Investor
Published: October 2006
Abstract: With the reforms enacted by the Pension Protection Act of 2006, the “liability debate” is shifting from investment thesis to practical application. The interest rate environment of the past several years has made plan sponsors acutely aware that a significant risk to the solvency of their plans [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/10/10/liability-driven-investing-from-thesis-to-action/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Managing Corporate Finance Risk</title>
		<link>http://allaboutalpha.com/blog/2006/10/01/managing-corporate-finance-risk/</link>
		<comments>http://allaboutalpha.com/blog/2006/10/01/managing-corporate-finance-risk/#comments</comments>
		<pubDate>Sun, 01 Oct 2006 17:44:25 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Hedge Fund Operations and Risk Management]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2691</guid>
		<description><![CDATA[By: Society of Actuaries
Published: October 2006
Abstract: Managing pension and corporate risk interactively provides for a better optimization of results. Pension plans can be hedged as any other balance sheet liabilities. The presentation also talks about understanding the Effect of Pensions on Corporate Finance, A new model leveraging best practices and creating clear accountability for pension [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/10/01/managing-corporate-finance-risk/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>LDI: Practical Application, Interest Rate Risks and Pension Reforms</title>
		<link>http://allaboutalpha.com/blog/2006/09/10/ldi-practical-application-interest-rate-risks-and-pension-reforms/</link>
		<comments>http://allaboutalpha.com/blog/2006/09/10/ldi-practical-application-interest-rate-risks-and-pension-reforms/#comments</comments>
		<pubDate>Sun, 10 Sep 2006 15:57:32 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2698</guid>
		<description><![CDATA[By: Evaluation Associates
Published: September 2006
Abstract: New regulations and accounting rule changes coupled with the unprecedented levels of pension plan underfunding is resulting in a paradigm shift in pension plan management. Plan sponsors should approach the concept of LDI with an understanding that there are numerous implementation approaches but only one underlying principle: Manage or control [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/09/10/ldi-practical-application-interest-rate-risks-and-pension-reforms/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Liability Driven Investing: Why Pension Funds Need to Reconsider Benchmarks, Asset Allocation &amp; Risk (BGI)</title>
		<link>http://allaboutalpha.com/blog/2006/08/15/liability-driven-investing-why-pension-funds-need-to-reconsider-benchmarks-asset-allocation-risk-bgi/</link>
		<comments>http://allaboutalpha.com/blog/2006/08/15/liability-driven-investing-why-pension-funds-need-to-reconsider-benchmarks-asset-allocation-risk-bgi/#comments</comments>
		<pubDate>Tue, 15 Aug 2006 19:47:21 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2404</guid>
		<description><![CDATA[By: Barclays Global Investors
Published: August 2006
Abstract: No one can deny that it has been a tough few years to be a pension plan sponsor. Equity returns have been uninspiring, interest rates remain low and underfunding of plans continues to be a widespread risk. Given that this situation is unlikely to change soon, pension plans are [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/08/15/liability-driven-investing-why-pension-funds-need-to-reconsider-benchmarks-asset-allocation-risk-bgi/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Roundtable: Is LDI Suitable for a DB Pension Plan?</title>
		<link>http://allaboutalpha.com/blog/2006/07/15/roundtable-is-ldi-suitable-for-a-db-pension-plan/</link>
		<comments>http://allaboutalpha.com/blog/2006/07/15/roundtable-is-ldi-suitable-for-a-db-pension-plan/#comments</comments>
		<pubDate>Sat, 15 Jul 2006 20:05:13 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2414</guid>
		<description><![CDATA[
By: Global Pensions Magazine
Published: July 2006
Abstract: Alex Beveridge travelled to Amsterdam to hold an off-the-record debate with some of the key players in the liability driven investment (LDI) industry and a few of their most vocal critics. As agreed with the participants, none of the points raised are directly attributable. This format was chosen to [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/07/15/roundtable-is-ldi-suitable-for-a-db-pension-plan/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Liability-Driven Investing Forum &#8211; everything you always wanted to know about LDI but were afraid to ask</title>
		<link>http://allaboutalpha.com/blog/2006/06/15/liability-driven-investing-forum-everything-you-always-wanted-to-know-about-ldi-but-were-afraid-to-ask/</link>
		<comments>http://allaboutalpha.com/blog/2006/06/15/liability-driven-investing-forum-everything-you-always-wanted-to-know-about-ldi-but-were-afraid-to-ask/#comments</comments>
		<pubDate>Thu, 15 Jun 2006 19:58:58 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2412</guid>
		<description><![CDATA[By: Benefits Canada Magazine
Published: 2006
Abstract: The investment industry is at a tipping point, the&#8230;widespread use of risk budgeting and financial engineering techniques are ushering in a new paradigm. It’s going to change how portfolios are constructed, how financial professionals do their jobs and governance. Is LDI a new paradigm or is it just an alternative [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/06/15/liability-driven-investing-forum-everything-you-always-wanted-to-know-about-ldi-but-were-afraid-to-ask/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Long Duration Swaps: New Tools for Plan Sponsors in Liability-Driven Investing</title>
		<link>http://allaboutalpha.com/blog/2006/06/15/long-duration-swaps-new-tools-for-plan-sponsors-in-liability-driven-investing/</link>
		<comments>http://allaboutalpha.com/blog/2006/06/15/long-duration-swaps-new-tools-for-plan-sponsors-in-liability-driven-investing/#comments</comments>
		<pubDate>Thu, 15 Jun 2006 19:52:43 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2408</guid>
		<description><![CDATA[By: Mellon Asset Management
Published: 2006
Abstract: New federal legislation and FASB regulation are sparking increased interest in &#8220;liability-driven&#8221; investing (LDI) &#8211; strategies that help pension plans better match assets and liabilities. This paper outlines how long duration, zero-coupon swaps can play a key role in LDS strategies. Treasury Strips are a common way to extend duration [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/06/15/long-duration-swaps-new-tools-for-plan-sponsors-in-liability-driven-investing/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>JPMorgan Liability-Driven Investment (LDI) Survey</title>
		<link>http://allaboutalpha.com/blog/2006/06/15/jpmorgan-liability-driven-investment-ldi-survey/</link>
		<comments>http://allaboutalpha.com/blog/2006/06/15/jpmorgan-liability-driven-investment-ldi-survey/#comments</comments>
		<pubDate>Thu, 15 Jun 2006 19:50:14 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2406</guid>
		<description><![CDATA[By J.P. Morgan Asset Management
Published:  June 2006
Abstract: In this piece of research, we have sought to gauge both the level of need and the level of demand for liability-driven investment solutions across Europe’s key pension markets – looking primarily at the UK, the Netherlands, Sweden and Denmark. We have looked to see to what extent [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/06/15/jpmorgan-liability-driven-investment-ldi-survey/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Accounting for Higher Moment Betas in Asset/Liability Management: Finding the Optimal Equity Diversifier</title>
		<link>http://allaboutalpha.com/blog/2006/06/13/accounting-for-higher-moment-betas-in-assetliability-management-finding-the-optimal-equity-diversifier/</link>
		<comments>http://allaboutalpha.com/blog/2006/06/13/accounting-for-higher-moment-betas-in-assetliability-management-finding-the-optimal-equity-diversifier/#comments</comments>
		<pubDate>Tue, 13 Jun 2006 19:14:42 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2870</guid>
		<description><![CDATA[By: Mikael Haglund, Altevo Research
Published: June 2006
Abstract: In this paper we utilize higher moment betas to identify suitable equity diversifiers for the equity part of a traditional bond? and equity portfolio. With a Modified VaR optimization program put into an Asset &#8211; Liability Management framework we show that an allocation to hedge funds can reduce the [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/06/13/accounting-for-higher-moment-betas-in-assetliability-management-finding-the-optimal-equity-diversifier/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Plan Sponsor Guide to Liability Driven Investing</title>
		<link>http://allaboutalpha.com/blog/2006/06/10/plan-sponsor-guide-to-liability-driven-investing/</link>
		<comments>http://allaboutalpha.com/blog/2006/06/10/plan-sponsor-guide-to-liability-driven-investing/#comments</comments>
		<pubDate>Sat, 10 Jun 2006 15:19:33 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2701</guid>
		<description><![CDATA[By: Mellon Asset Management
Published: 2006
Abstract: A common misconception regarding LDI is that it requires an increased allocation to fixed income. There are many options for extending the duration of a plan&#8217;s assets, which may or may not involve an increased allocation too fixed income. properly implemented, LDI incorporates both alpha-producing and risk mitigation strategies custom-tailored [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/06/10/plan-sponsor-guide-to-liability-driven-investing/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Managing Pension Assets: from Surplus Optimization to Liability-Driven Investment</title>
		<link>http://allaboutalpha.com/blog/2006/03/15/managing-pension-assets-from-surplus-optimization-to-liability-driven-investment/</link>
		<comments>http://allaboutalpha.com/blog/2006/03/15/managing-pension-assets-from-surplus-optimization-to-liability-driven-investment/#comments</comments>
		<pubDate>Wed, 15 Mar 2006 19:23:40 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2392</guid>
		<description><![CDATA[By: Lionel Martellini
Published: March 2006
Abstract: In this paper, we consider an intertemporal portfolio problem in the presence of liability constraints. Using the value of the liability portfolio as a natural numeraire, we find that the solution to this problem involves a three fund separation theorem that provides formal justification to some recent so-called liability-driven investment [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/03/15/managing-pension-assets-from-surplus-optimization-to-liability-driven-investment/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Slip Slidin&#8217; Away?</title>
		<link>http://allaboutalpha.com/blog/2006/03/10/slip-slidin-away/</link>
		<comments>http://allaboutalpha.com/blog/2006/03/10/slip-slidin-away/#comments</comments>
		<pubDate>Fri, 10 Mar 2006 18:16:43 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2684</guid>
		<description><![CDATA[By: PIMCO
Published: March 2006
Abstract: As we close the books on 2005, the early results indicate it was not a good year for pensions in the United States. Returns for both the S&#38;P 500 and the Lehman Brothers Aggregate were anaemic, trumped by returns on 20+ year Treasury bonds as the yield curve flattened during the [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/03/10/slip-slidin-away/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Liability-Driven Investments: An Active Fixed Income Approach</title>
		<link>http://allaboutalpha.com/blog/2006/02/10/liability-driven-investments-an-active-fixed-income-approach/</link>
		<comments>http://allaboutalpha.com/blog/2006/02/10/liability-driven-investments-an-active-fixed-income-approach/#comments</comments>
		<pubDate>Fri, 10 Feb 2006 18:08:11 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2687</guid>
		<description><![CDATA[By: PIMCO
Published: February 2006
Abstract: Upcoming regulatory changes will soon force many European pensions and insurance companies to adopt new investment strategies that are focused on matching liabilities rather than maximizing returns. These regulatory changes include implementation of the New Basel Capital Accord (Basel II) in 2006, implementation of the European Commission’s “Solvency II” insurance regulations, [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2006/02/10/liability-driven-investments-an-active-fixed-income-approach/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Liability Driven Risk Management Strategies: Tailor made or one size fits all?</title>
		<link>http://allaboutalpha.com/blog/2005/11/10/liability-driven-risk-management-strategies-tailor-made-or-one-size-fits-all/</link>
		<comments>http://allaboutalpha.com/blog/2005/11/10/liability-driven-risk-management-strategies-tailor-made-or-one-size-fits-all/#comments</comments>
		<pubDate>Thu, 10 Nov 2005 15:06:30 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2703</guid>
		<description><![CDATA[By: Altis Investment Management
Published: November 2005 (presentation)
Abstract: This presentation contains several case studies and explores: Controls within Risk &#38; Asset Management; Tailor-made vs standardized approach; A Case Study Illustrating of Pension Fund Solutions; Hedging interest rate risk; Interest rate dependent strategy and Strategic Derivative Solutions &#38; Implementation. 
   
     
]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2005/11/10/liability-driven-risk-management-strategies-tailor-made-or-one-size-fits-all/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>The Benefits of Hedge Funds in Asset Liability Management</title>
		<link>http://allaboutalpha.com/blog/2005/09/15/the-benefits-of-hedge-funds-in-asset-liability-management/</link>
		<comments>http://allaboutalpha.com/blog/2005/09/15/the-benefits-of-hedge-funds-in-asset-liability-management/#comments</comments>
		<pubDate>Thu, 15 Sep 2005 19:27:29 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2394</guid>
		<description><![CDATA[By: Lionel Martellini, Volker Ziemann
Published: September 2005
Abstract: This paper examines the benefits of including hedge funds for investors facing liability constraints. We cast the problem in a stochastic surplus optimisation setup where hedge funds are treated as a complement, and not as an addition, to traditional asset classes, which alleviates the concern over exante modelling [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2005/09/15/the-benefits-of-hedge-funds-in-asset-liability-management/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Liability Driven Investing</title>
		<link>http://allaboutalpha.com/blog/2005/06/10/liability-driven-investing/</link>
		<comments>http://allaboutalpha.com/blog/2005/06/10/liability-driven-investing/#comments</comments>
		<pubDate>Fri, 10 Jun 2005 17:58:50 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2689</guid>
		<description><![CDATA[By: Standard Life Investments
Published: June 2005
Abstract: Liabilities are playing an important role in the development of investment methodologies. The authors review what solutions are available to solve the problem of a shortfall in assets relative to future liabilities.
]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2005/06/10/liability-driven-investing/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Enhanced Cash Investing (for LDI)</title>
		<link>http://allaboutalpha.com/blog/2005/01/10/enhanced-cash-investing-for-ldi/</link>
		<comments>http://allaboutalpha.com/blog/2005/01/10/enhanced-cash-investing-for-ldi/#comments</comments>
		<pubDate>Mon, 10 Jan 2005 13:49:51 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2705</guid>
		<description><![CDATA[By: Northern Trust
Published: 2005
Abstract: Not only are enhanced cash strategies being used to generate additional alpha over and above money market funds, they are increasingly coming under the spotlight for use within overlay structures, collateral management, and liability driven investment. Focusing on liability-driven investment; Liability Driven Investment Solutions cover a multitude of sins but the [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2005/01/10/enhanced-cash-investing-for-ldi/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Liability Hedging Portfolios: Is the Perfect the Enemy of the Good?</title>
		<link>http://allaboutalpha.com/blog/2004/09/10/liability-hedging-portfolios-is-the-perfect-the-enemy-of-the-good/</link>
		<comments>http://allaboutalpha.com/blog/2004/09/10/liability-hedging-portfolios-is-the-perfect-the-enemy-of-the-good/#comments</comments>
		<pubDate>Fri, 10 Sep 2004 18:13:23 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2685</guid>
		<description><![CDATA[By: PIMCO
Published: September 2004
Abstract: Imagine you are shopping for a new suit. The salesman asks your size, some questions about your preferences, and how much you are willing to spend. Judging you to be of refined tastes, he urges you to treat yourself—he can get you into a custom-tailored, bespoke suit hand-crafted from the finest [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2004/09/10/liability-hedging-portfolios-is-the-perfect-the-enemy-of-the-good/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Changing Paradigms in Asset Allocation for Pension Plans</title>
		<link>http://allaboutalpha.com/blog/2004/05/10/changing-paradigms-in-asset-allocation-for-pension-plans/</link>
		<comments>http://allaboutalpha.com/blog/2004/05/10/changing-paradigms-in-asset-allocation-for-pension-plans/#comments</comments>
		<pubDate>Mon, 10 May 2004 18:04:51 +0000</pubDate>
		<dc:creator>Alpha Male</dc:creator>
				<category><![CDATA[Dossier]]></category>
		<category><![CDATA[Liability Driven Investing]]></category>
		<category><![CDATA[Posting Categories]]></category>

		<guid isPermaLink="false">http://allaboutalpha.com/blog/?p=2688</guid>
		<description><![CDATA[By: PIMCO
Published: May 2004
Abstract: Asset allocation is a process fraught with second-guessing and twenty-twenty hindsight. Many pension plan sponsors who sat on substantial surpluses in 2000 are sitting in a hole with equally large funding shortfalls today. The answer, in hindsight would have been more bonds, particularly long duration bonds- at least until March of [...]]]></description>
		<wfw:commentRss>http://allaboutalpha.com/blog/2004/05/10/changing-paradigms-in-asset-allocation-for-pension-plans/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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