The UFG "Dynamic Allocation Models and New Forms of Target-Date Funds for Private and Institutional Clients" Research Chair
The UFG "Dynamic Allocation Models and New Forms of Target-Date Funds for Private and Institutional Clients" Research Chair, under the leadership of Lionel Martellini, the scientific director of EDHEC-Risk Institute, will examine the limitations of target-date funds of gradually more conservative profiles and the advantages of an asset-liability management approach sensitive to the period and to the economic cycle for target-date funds, in particular for pensions.
The chair will be overseen by a joint UFG/EDHEC-Risk Institute steering committee.
The first project undertaken as part of the chair is an analysis of target-date funds for pensions, the results of which were presented at EDHEC-Risk Institutional Days in Paris on 26 and 27 May 2009.
[Consult the press release announcing the launch of the research chair: 05/05/09]
The research output from the chair will be published in this section in due course.
Related articles
- Improving life cycle funds
Financial Times, 28/09/2009
Article by Lionel Martellini, professor of finance at EDHEC Business School and scientific director at EDHEC-Risk, and Vincent Milhau, research engineer at EDHEC-Risk
"(...) Financial innovation is needed to design better target date funds that take markets into account. There is ample room for added value between one-(allocation)-size-fits-all (investors with same age) solutions and do-it-yourself approaches to long-term investment decisions. (...)"
