26.11.2010 - EDHEC's ideal investment strategy for sovereign wealth funds
From IPE: The investment strategy of a sovereign wealth fund (SWF) should consist of three basic building blocks, including liability hedging and an endowment-hedging portfolio, according to research by the EDHEC Risk-Institute. In its most recent paper, 'Asset-Liability Management Decisions for Sovereign Wealth Funds', the business school names the blocks as a performance-seeking portfolio (PSP), an endowment-hedging portfolio (EHP) and a liability-hedging portfolio (LHP). The last should invest heavily in bonds and other assets that closely trace changes in inflation..............................................Full Article: Source
Print