Each month, the Adaptive Multi-Asset Solutions Team provides an asset class outlook using option market prices to infer expected tail gains and tail losses.
Dr. Myron Scholes and Dr. Ashwin Alankar describe how successfully managing tail risks is key to maximizing terminal value.
LDI glide paths implemented across most U.S. DB plans are entirely rules-based, ignoring risks that can negatively impact funded ratios. Learn why an adaptive LDI approach focused on tail risks may lower funded status volatility and increase funded ratios.
Discover what inflation may mean for institutional investors in today’s rapidly evolving markets.
A material blind spot exists in strategic asset allocation. Learn why an adaptive allocation approach can be designed to maximize compound returns while mitigating acute tail risk.