Can Pension Funds Partially Manage Longevity Risk by Investing in a Longevity Megafund?

Edouard Debonneuil, Anne Eyraud-Loisel () and Frédéric Planchet ()
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Edouard Debonneuil: LSAF - Laboratoire de Sciences Actuarielle et Financière - UCBL - Université Claude Bernard Lyon 1 - Université de Lyon
Anne Eyraud-Loisel: LSAF - Laboratoire de Sciences Actuarielle et Financière - UCBL - Université Claude Bernard Lyon 1 - Université de Lyon

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Abstract: Pension funds that handle retirement risk need to invest assets in a diversified manner, on long durations and if possible while facing interest rate and longevity risk. In the recent years, a new class of investment called a longevity megafund was described, that invests in clinical trials for solutions against age-related diseases. Using simple models, we here study the financial interest for pension funds of investing in a longevity megafund.

Date: 2018
New Economics Papers: this item is included in nep-age and nep-rmg
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Published in Risks, 2018, 6 (3), pp.67

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Journal Article: Can Pension Funds Partially Manage Longevity Risk by Investing in a Longevity Megafund? (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01571937

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