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- Title
Practical Applications of Coming Up Short: Managing Underfunded Portfolios in an LDI-ES Framework.
- Authors
Mack, Barbara J.
- Abstract
The article discusses Seoyoung Kim and co-authors Sanjiv Das and Meir Statman's significant contribution toward understanding risks and remedies in challenging investment environments. Topics discussed include the focus of Liability Directed Investing-Expected Shortfall (LDI-ES) on the effective use of portfolio rebalancing and the 4 ways of addressing the problem of underfunding such plan sponsors providing cash infusions or the reduction of benefits that were promised to plan beneficiaries.
- Subjects
PORTFOLIO management (Investments); UNDERFUNDED pension plans; EMPLOYEE benefits; FINANCIAL crises; INVESTMENTS
- Publication
Journal of Portfolio Management, 2015, p13
- ISSN
0095-4918
- Publication type
Article