Advances in Asset Allocation Seminar - Blended Learning Programme
EDHEC Campus London
| EDHEC-Princeton Goal-Based Investing Indices Retirement Income December 2018 Returns (%) |
||
|---|---|---|
| Zone, Retirement year |
Not adjusted |
Cost-of-Living-adjusted |
| US, 2023 |
-4.04
|
-4.01
|
| US, 2028 |
-6.07
|
-6.10
|
| US, 2033 |
-8.83
|
-8.88
|
| US, 2038 |
-10.04
|
-10.04
|
| US, 2043 |
-10.04
|
-10.04
|
| US, 2048 |
-10.04
|
-10.04
|
| US, 2053 |
-10.04
|
-10.04
|
| US, 2058 |
-10.04
|
-10.04
|
Risk Management as the Key Source of Added Value in Investment Management
Investment management in the new era can be defined as the art and science of efficiently spending institutional or individual investors’ dollar and risk budgets to help them achieve their meaningful goal-driven objectives (for individuals) or liability-driven objectives (for institutions), subject to a number of regulatory constraints or otherwise. Whatever the context, meaningful investment solutions are in fact invariably based on three fundamental sources of added value, each reflecting one particular form of risk management technique : (1) the use of an efficient risky performance-seeking portfolio (PSP); (2) the use of an efficient safe liability-hedging or goal-hedging portfolio; and (3) the use of an efficient allocation strategy for efficient risky and safe building block portfolios.
Diversification
The risky portfolio should be efficient at harvesting risk premia across and within asset classes: It’s all about diversification!
Hedging
The safe portfolio should be efficient at matching risk factor exposures on the asset and liability sides: It’s all about hedging!
Insurance
The allocation to the efficient risky and safe portfolios should secure investors’ essential goals while generating a high probability of achieving their aspirational goals: It’s all about insurance!
Academic Roots
EDHEC Bond Risk Premium
Bayesian Nets for Stress Testing
EDHEC Risk Expertise
From Investment Products to Investment Solutions
Perspectives on Retirement Investing
Practitioner Reach
Ostrum Bond Portfolio Optimization
EDHEC-PRINCETON Goal-Based Investing Indices
News
13-02-2019
How will FinTech change the future of financial services?
EDHEC-Risk Institute, KAIST, Princeton and Tsinghua Universities have joined forces to host an international series of conferences on financial technologies as a forum to facilitate discussion among all interested parties (academics, practitioners and regulators) around the world.
After successful events organised in Princeton in 2017 and Seoul in 2018, EDHEC-Risk Institute is pleased to be...
13-12-2018
EDHEC Professor Frank J. Fabozzi...
Frank J. Fabozzi, Professor of Finance at EDHEC Business School, member of EDHEC-Risk Institute and dissertation adviser in the EDHEC PhD in Finance programme, has been invited to serve as co-editor...
29-11-2018
New session announced for the seminar...
Get a cutting-edge understanding of alternative assets, including a dedicated focus on the future trends in commodity and infrastructure investing
Yale campus (New Haven, CT)
March 25 - March 27,...
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About EDHEC
Operating from campuses in Lille, Nice, Paris, London and Singapore, EDHEC is one of the world’s top 15 business schools. Fully international and directly connected to the business world, EDHEC commands a strong reputation for research excellence and the ability to train entrepreneurs and managers capable of breaking new ground. EDHEC functions as a genuine laboratory of ideas and produces innovative solutions valued by businesses. The School’s teaching is inspired by its research work and a focus on “learning by doing”, all with the aim of equipping people with the skills to succeed in business.
