Although portfolio management didn't change much during the 40 years after the seminal
works of Markowitz and Sharpe, the development of risk budgeting techniques marked an …

This paper investigates a dynamic liability-driven investment policy for defined-benefit (DB)
plans by incorporating the loss aversion of a sponsor, who is assumed to be more sensitive …

The global financial crisis towards the end of the last decade saw an increasing need in the
role of risk measurement and management in the mainstream financial investment market …

Because Danish pension funds used to guaranteed a minimum investment return of up to
4.5 percent, the current market conditions of low interest rates and increases in longevity …

본 논문은 신용평가에 대한 규제가 기존 신용정보법에서 자본시장법으로 이관되고 금융적
규제가 시작된 2013 년 9 월을 기준으로 하여 규제 강화가 신용평가의 질을 향상시켰는지를 …

We study risk based portfolios with an emphasis on equal risk contribution, in a time series
momentum setting. The benchmark strategies in which we compare the equal risk …

The aim of this thesis is to build different Risk Parity portfolios and thereby perform an out-of-
sample analysis by comparing them with other more common portfolio strategies. The …

Analyzing Risk-Based Portfolios in the Korean Stock Market Page 1 Analyzing Risk-Based
Portfolios in the Korean Stock Market 국내 주식시장의 위험기반 포트폴리오 특성에 관한 연구 …