Xie, Li; Woo, Wing Thye; Zhang, Zhichao; Zhang, Zhuang - In: Asian Economic Papers 14 (2015) 1, pp. 78-97
This paper develops a multiple-goal investment strategy for sovereign wealth funds. In our investment strategy, we embed the Black-Litterman (B-L) model into the mean variance mental accounting (MVMA) approach. The B-L method provides a means of modeling return expectations, and the MVMA...
