Purpose – The purpose of this paper is to study the asset allocation problem for a pension fund which maximizes the expected present value of its wealth augmented by the prospective mathematical reserve at the death time of a representative member. Design/methodology/approach - The paper...

Purpose – The main purpose of this study is to contribute to the theory of intellectual capital (IC) with the new IC valuation method based on the economic value added (EVA ® ) concept as well as to present the Innovation Funnel, which is a useful management method and tool from which...

In this series of extracts from the concluding chapter of Acharya’s book, Asset Management: Equities Demystified, the author argues that the major factor in future developments will be legislation and regulation. But she suggests that ultimately knowledge management will be the crucial...

The author looks back over ten years of the UK asset and liability management profession and compares the US and UK banking industries. He suggests that the value of ALM techniques is still undervalued and left to specialists rather than being embraced by the banking business.

The author, whose company runs training courses for the UK Asset and Liability Management Association, explains the rationale behind the training and importance of creating informed professionals within the asset and liability management community.

Purpose – The purpose of this paper is to study the asset allocation problem for a pension fund which maximizes the expected present value of its wealth augmented by the prospective mathematical reserve at the death time of a representative member. Design/methodology/approach – The paper...

Purpose The purpose of this paper is to study the scope for country diversification in international portfolios of mutual funds for the “core” EMU countries. The author uses a sample of daily returns for country indices of French, German and Italian funds to investigate the quest for...