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Liability-Responsive Asset Allocation: Defining the De-Risking Glide Path for DB Pension Plans (PDF)
Russell Investments
June 1, 2020 "This paper discusses the brief history of the strategy, then explains the rationale for the approach, and finally, lists some of the design considerations that go into implementing such a program.... At its core, LRAA is simple and intuitive. It replaces the traditional asset allocation policy (consisting of a fixed mix of assets) with a dynamic policy that depends on the funded status of the plan." MORE >> |
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