Risk Management

Kees Koedijk and Alfred Slager
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Kees Koedijk: Tilburg University
Alfred Slager: Tilburg University

Chapter 10 in Investment Beliefs, 2011, pp 93-102 from Palgrave Macmillan

Abstract: Two decades ago it used to be easy to run an asset allocation strategy for a UK pension fund: buy some bonds and a bit of property, but the largest slice of the pie – approximately 70% – should be in equity.1 However, when risk management became the core of the thinking, exciting changes were bound to happen. In 2001, the pension fund of Boots, the UK pharmacyled and beauty retailer shook up the UK pension scene announcing that it was switching all of its £2.3 billion worth of pension assets over a 15-month period from equities into long-term bonds.

Keywords: Interest Rate; Pension Fund; Asset Allocation; Asset Class; Interest Rate Risk (search for similar items in EconPapers)
Date: 2011
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DOI: 10.1057/9780230307575_10

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