swaps reduces pension funds' exposure to interest rate risk, it exposes pension funds to liquidity risk because of potential … pension funds to margin call risk that can be as large as 7-19% of total assets under management. When interest rates hike and … this risk materializes, pension funds liquidate parts of their fixed income portfolios, primarily selling safe government …

Diese Dissertation besteht aus drei Aufsätzen, welche Themen aus dem Bereich Risiko-Beurteilung und Risiko … Portfolio Absicherungsstrategien im Kontext der Investmentrisikosteuerung einer Pensionskasse nutzenmaximierend sein können …This thesis consists of three singled-authored essays which examine topics in risk assessment and risk management in …