At the risk of most of my blogs linking to games or gambling, I think there are some fascinating – albeit rather intricate – relationships between gambling and investment strategies (and can’t resist writing another one). In this blog I seek to join the dots between different ways of describing investment returns, a betting strategy and an apparent paradox.
As a DB scheme, you may have found yourself inadvertently on the rollercoaster ride of volatile markets in recent days. If that’s the case, it’s always worth considering whether you intended to be on this rollercoaster and if not, what other DB pension schemes are doing about it.;
My title, of course, refers to the 50-year maturity point of the conventional gilt curve rather than the 30-year. A preference for fifty years is certainly how the market's voting machine currently sees things. But how can changes in the longer end of the gilt curve impact LDI hedging strategies?
The field of Artificial Intelligence (AI) seems to operate in a different world to pensions. But there’s a science to thinking about pension scheme asset and liability models that takes a remarkably similar approach to an AI program’s approach to winning a game of Go.;
While the recent market rally will be remembered as one of the smoothest in history, we will undoubtedly come across some bumps in the road. Seeing as we can't predict when that will be, a better question is "when should we be buying equity protection?" ;