Asian pension funds shun LDI
Liability-driven investment may be the hot topic in Europe and America, but it is DOA in Asia û at least for now.
The following article first appeared in AsianInvestor magazine, April 2007.DOA: dead on arrival. Whatever its merits, liability-driven investment is not gaining a toehold among pension funds in Asia.This is not what fund managers and investment banks want to hear. They have built a very nice business in Europe and the United States around a sensible idea: that pension fundsÆ traditional assumptions arenÆt accurate, and therefore they are exposed to the risk that they wonÆt be able to …
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