Overview of Research on Asset Allocation in the Face of Disaster
March 3, 2011 - Strategic Allocation
Has the academic community made practical progress in specifying asset allocation approaches that mitigate adverse impacts of multi-market crises (systemic risk) on diversified portfolios? Two recent papers address this question in complementary top-down and bottom-up ways. The February 2011 version of “Asset Allocation and Asset Pricing in the Face of Systemic Risk: A Literature Overview… Keep Reading