We propose and implement a procedure to optimally hedge climate change risk. First, we construct climate risk indices … climate risk hedge portfolios. The new mimicking portfolio approach is much more efficient than traditional sorting or maximum … delivering markedly higher and statistically significant alphas and betas with the climate risk indices. …

We propose and implement a procedure to optimally hedge climate change risk. First, we construct climate risk indices … climate risk hedge portfolios. The new mimicking portfolio approach is much more efficient than traditional sorting or maximum … delivering markedly higher and statistically significant alphas and betas with the climate risk indices. …

investments and establishes whether the IOPS ‘Good Practices in the Risk Management of Alternative Investments by Pension Funds … which aims to manage the potential risk exposures that alternative investments and derivatives present. This provides a … reviewing current risk management practices observed by pension funds in managing these risk exposures. The paper finally …

level of risk. The performance of pension funds is often measured by their global asset returns because of the latter … risk level given their social security (and not speculative) function. We describe the process of the global asset return … carried out to balance the asset composition when the established local degree of risk is exceeded. The application is carried …

portfolios that help mitigating climate change risk but at the same time enable harvesting well-established return drivers such …