Liability-Driven Investment - (Wiley Finance) by Dan Tammas-Hastings (Hardcover)
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<p/><br></br><p><b> About the Book </b></p></br></br>"The project aims to outline the usefulness and explain the growing popularity of Liability-Driven Investing (LDI). The ultimate aim of Liability Driven Investing is to ensure that investors have sufficient funds to pay liabilities. This is a targeted approach that moves beyond the simple asset value maximization framework which is prevalent in the academic literature."--<p/><br></br><p><b> Book Synopsis </b></p></br></br><p><b>Understand the investment template that dominates the pension industry</b></p> <p><i>Liability-Driven Investment</i> is the practitioner's guide to this increasingly popular investment template. Already the dominant framework for pension schemes in Europe and the UK, the LDI market is expected to grow significantly with the shift from Defined Benefit to Defined Contribution, and then into Digital Asset Management -- or Robo-Advice. With an aging population and significant under-saving globally, more and more finance professionals will need to know how to work within and around the LDI framework; this book provides clear explanations for the framework's usefulness and growing popularity to help practitioners find their bearings in and around the LDI space.</p> <p>The ultimate goal of LDI is to move beyond simple asset value maximisation and ensure that investors have sufficient funds to pay liabilities. This informative guide digs into that basic premise to show the various mechanisms, guidelines and practices that make up the framework's working parts.</p> <ul> <li>Discover the optimal investment strategies in multiple assets classes</li> <li>Understand the key characteristics of the instruments used, including bonds, interest rate derivatives, and inflation linked products</li> <li>Learn why pension companies and individual investors are moving toward LDI</li> <li>Explore the ways in which the explosive growth of Robo-Advice will change retail investment</li> </ul> <p>Finance professionals have long been accustomed to shifting landscapes -- it is taken as a given that prevailing thought and attendant practices will change over time -- but the rapid expansion of LDI has taken many by surprise. Having already been established as the dominant framework for pensions, it is clear that the emphasis on LDI will only continue to grow. <i>Liability-Driven Investment</i> tells you what you need to know in order to work effectively with LDI.</p><p/><br></br><p><b> From the Back Cover </b></p></br></br><p><b>Secure your financial future with a liability driven investment strategy</b> <p>The liability driven investment (LDI) market is forecasted to grow exponentially, particularly within the realm of robo-advising and digital asset management. <i>Liability-Driven Investment</i> is a practical book that offers a guide to liability driven's fast-growing class of investment strategies. Dan Tammas-Hastings clearly explains investment theory and highlights the risk management frameworks used by international capital markets to create modern investment portfolios. He also details the regulations to which both professional and amateur investors must adhere. <p>A comprehensive resource, the book examines the impact technology has had on how and when to invest and reveals why technology is likely to create further changes in the future. The book examines multiple topics on this fast-growing class of investment strategies including vital information on optimal liability driven investment, the key characteristics of bonds, interest rate derivatives, zero coupon and inflation swaps. <p>Discover why so many pension funds and individual investors are moving to adopt an LDI investment strategy.<p/><br></br><p><b> About the Author </b></p></br></br><p><b>DAN TAMMAS-HASTINGS</b> has over 20 years experience in the financial markets. He is the CEO and founder at the Asset Management and Digital Advice firm RiskSave. He founded the company in 2015, in response to inadequate risk measures and a lack of transparency dominating the financial services industry. After a successful career as a fixed income trader specialising in GBP derivatives at Merrill Lynch and as a hedge fund manager, managing multi-billion-pound portfolios across credit and rates, he now writes on various issues within investment and risk management and is in charge of strategy and investment at RiskSave as well as advising other investment and technology firms. Dan has been awarded both the CFA and FRM charters, and is a graduate of the London School of Economics and the University of Cambridge.</p>
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