Skip to main content

Investment Policy

Comprehensive Asset Liability Management 2020

This updated edition explores the main elements of the CALM approach in the context of the special challenges faced by healthcare systems in the wake of the COVID-19 pandemic.

Download »

LDI – A Brave New World of Fiduciary Issues

Liability-driven investing is a radical departure from conventional asset-maximizing strategies.

Download »

Birds of Many Feathers

For many years, institutional investors—i.e., pension plans, endowments, and foundations—have followed investment policies based on a conventional 60/40 blend of equity and fixed income securities.

Download »

Frozen Alive – Managing a Frozen Pension Plan

Freezing a pension plan forces fiduciaries to change their habits, posing new management challenges in the areas of investment policy, oversight practices, and staffing.

Download »

Implementing LDI – Not a Day at the Beach

The theoretical promise of LDI must be matched by excellence in implementation

Download »

Comprehensive Asset Liability Management – CALM

In a complex healthcare institution with multiple investment pools, balancing investment and operational risks in a coordinated way is paramount.

Download »

Implementing Portable Alpha Strategies

Fiduciaries have several means of implementing portable alpha strategies; a framework for thinking about each approach’s pros and cons can be useful.

Download »