Risk Budgeting for Pension Plans
Jorge Mina
Risk budgeting is a term that has been used loosely to refer to various approaches utilized by investors to construct portfolios with specific risk/return characteristics. In this paper we provide a definition of risk budgeting, describe the risk budgeting process at a pension plan, and discuss the technical tools utilized to prepare and monitor a risk budget. Download this document – Risk Budgeting for Pension Plans (PDF Format, 83 KB) |
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