discussed the pros and cons of private equity and whether the investment class is a viable alternative.While some Board members … of key issues questioning its viability.Ultimately, like any other investment, pros and cons should be weighed according …

the bank and insurance sector by changing the funding patterns of banks as well as the investment strategies of life … insurance companies. Especially for life insurance companies, the current low interest rate environment poses a key risk since … declining returns on investments jeopardize the guaranteed return on life insurance contracts, a core component of traditional …

elevated risk aversions and short‐term mispricing, and they can pursue illiquid investment opportunities. The turmoil we have … seen in the capital markets over the last decade has increased the competitive advantage of a long investment horizon …

The May 2010 Flash Crash and August 2007 Quant Meltdown raised concerns about the impact of quantitative investment …

quantify the resulting liquidity risk in a calibrated model of surrender decisions and insurance cash flows. Simulations … depends on life insurers' investment strategy. …

rates, as we document for the German life insurance sector. Using a calibrated model, we estimate that surrender options … resulting price impact depends on insurers' investment behavior. Forced asset sales are amplified by insurers' long …