Why Pension Funds Should Favour Rule-Based Strategies over Discretionary Ones [extrait BMI 109]

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Brinson, Hood, and Beebower?s (1986) conclusion that more than 90% of the average time-variation in returns is explained by strategic asset allocation has led to widespread recognition of the importance of asset allocation to investment returns and thus to pension fund performance.

Auteurs :Sender Samuel
Extrait de la revue BMI 109