In defence of pro-cyclicality, by Adina Grigoriu

In defence of pro-cyclicality, by Adina Grigoriu

          Adina Grigoriu asks, is pro-cyclical risk management necessarily a cost – or can it be an unexploited source of performance?  EIOPA’s call for advice on the review of the IORP directive has brought forward many questions....
ETF Survey 2010

ETF Survey 2010

              The survey highlights the use of ETFs by institutional investors. The introduction of the survey presents dynamic risk budgeting techniques using ETFs....