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- Title
Asset Allocation with Shadow Assets.
- Authors
SCHERER, BERND
- Abstract
The article discusses asset allocation with shadow assets. It describes shadow assets as nonfinancial and nontradable assets like human capital, university endowments and non listed family businesses. It also discusses the impact of not accounting shadow assets in portfolio management. The author states that the existence of positive shadow assets increases the aggressiveness of investors. Information on shadow asset's optimal allocation and liability management is discussed.
- Subjects
ASSET allocation; NONTRADED goods; HUMAN capital; PORTFOLIO management (Investments); ACCOUNTING; MANAGEMENT
- Publication
Journal of Wealth Management, 2012, Vol 15, Issue 3, p30
- ISSN
1534-7524
- Publication type
Article
- DOI
10.3905/jwm.2012.15.3.030