| From Reuters: Sovereign wealth funds would benefit from adopting a pension fund-style investment strategy focusing on meeting future liabilities of the state, rather than outperforming market benchmarks, a new report said on Tuesday.
The paper, published by Nice-based EDHEC Risk Institute, found that a state fund should combine a performance-seeking portfolio invested in equities, an endowment-hedging component customised to meet the risk exposure and another that invests in bonds to hedge interest risks..............................................Full Article: Source
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