The research conducted in this programme relates to the design of novel welfare-improving forms of investment solutions for institutions and individuals. On the institutional side, this research programme has benefitted from the support of BNP Investment Partners for a research chair on dynamic liability-driven investment solutions. It has also benefitted from the support of the Ontario Teachers’ Pension Plan for a research chair on improved methods for inflation-linked liability hedging, and Deutsche Bank for a research chair on asset-liability management techniques for sovereign wealth fund management.
The research conducted at EDHEC-Risk Institute on liability-driven investment solutions has also led to a consulting assignment with CalPERS on the construction of a comprehensive factor-based asset-liability management framework conducted jointly with Professor John Mulvey from Princeton University’s ORFE department.
On the individual side, this research programme has benefitted from the support of Merrill Lynch Wealth Management (MLWM) for a research chair on risk allocation goal-based investing. It has built upon previous work supported by ORTEC and Pictet on ALM for individuals, as well as a research chair supported by La Française AM on improved forms of target date funds. The research conducted at EDHEC-Risk Institute on goal-based investment solutions has also led to a consulting assignment with MLWM on the construction of dynamic retirement solutions, as well as the launch of the EDHEC-Princeton retirement goal-based indices, again with the support of MLWM. EDHEC-Risk Institute’s ambition is to develop strategic partnerships with investment managers worldwide for the launch and promotion of meaningful mass-customised investment solutions for individuals.