"Reactions to an EDHEC Study on the Impact of Regulatory Constraints on the ALM of Pension Funds"

In a newly-released report by Samuel Sender, Applied Research Manager at EDHEC-Risk, EDHEC has surveyed pension funds, their advisers, their regulators, their fiduciary managers, and their asset managers for their reactions to an EDHEC study entitled "Impact of Regulations on the ALM of European Pension Funds". The call for reaction elicited 142 responses and is the first international survey in which both regulatory constraints and the means of managing them - modern ALM techniques - are assessed jointly.

Among the key conclusions, respondents agree that pension funds should take a long-term approach to investing, but they also think that they should manage their short-term constraints; they agree that risk management protects minimum funding ratios better than high funding ratios do, and as such they believe strongly that regulations should encourage risk management.

This research was produced as part of the "Regulation and Institutional Investment" research chair, sponsored by AXA Investment Managers.


Reactions Impact Regulatory Constraints ALM Pension Funds