[Financial Gazette] The quest for the perfect investment strategy for a pension fund has been something that has received much attention from researchers and practitioners in the pension fraternity. Pension fund liabilities (cash outflows) are generally bond like in nature but depend not only on economic factors such as inflation and interest rates but also on demographic issues such as how long one will remain alive. This has led developed countries to devise an innovative investment strategy that tries to ensure that the as ......
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