Research and publications

Hedging Versus Insurance: Long-Horizon Investing With Short-Term Constraints

This study provides comprehensive insights into all of EDHEC-Risk Institute’s research on dynamic allocation in asset-liability management. The publication builds on these previous findings and i ...

Author(s) :

Romain Deguest, Lionel Martellini,Vincent Milhau

Summary :

This study provides comprehensive insights into all of EDHEC-Risk Institute’s research on dynamic allocation in asset-liability management. The publication builds on these previous findings and illustrates that failing to separate long-term risk-aversion and short-term loss-aversion may lead to poor investment decisions.

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Type : EDHEC Publication
Date : 21/03/2013
Keywords :

ALM and Asset Management