Abstract
Defining a liability profile is arguably the most important step in designing and running any fund. However, sovereign wealth funds (SWFs) often differ from other institutional investors in the evolution of their liabilities. This paper explores the nature of different SWF liability profiles and attempts to provide an analytical framework for thinking about the impact of such liabilities on the asset side of the SWF balance sheer : risk-return profiles, investment horizons, asset allocation preferences and other aspects of the funds' investment behavior. JEL Classification : F30, G29
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.