DALM Solution : Dynamic Asset & Liability Management

The DALM solution is an extension of the TPPI approach to Asset Liability Management (ALM).  The TPPI (Time-varying Proportion Portfolio Insurance) is an advanced portfolio insurance technique.  The DALM designs a dynamic allocation between a core portfolio and satellites. The core portfolio is built to hedge the liabilities of the pension fund and satellites are constructed to seek performance. The DALM …