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Liability-Driven Investment
From Analogue to Digital, Pensions to Robo-Advice
DANIEL TAMMAS-HASTINGS
This edition first published 2021
Copyright © 2021 by Daniel Tammas-Hastings. All rights reserved.
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Library of Congress Cataloging-in-Publication Data
Names: Tammas-Hastings, Daniel, author.
Title: Liability-driven investment : from analogue to digital, pensions to robo-advice / Daniel Tammas-Hastings.
Description: Hoboken, New Jersey : Wiley, [2021] | Series: Wiley finance | Includes index. | Summary: “The project aims to outline the usefulness and explain the growing popularity of Liability-Driven Investing (LDI). The ultimate aim of Liability Driven Investing is to ensure that investors have sufficient funds to pay liabilities.
This is a targeted approach that moves beyond the simple asset value maximization framework which is prevalent in the academic literature.”—Provided by publisher.
Identifiers: LCCN 2020055881 (print) | LCCN 2020055882 (ebook) | ISBN 9781119441953 (cloth) | ISBN 9781119441984 (adobe pdf) | ISBN 9781119441960 (epub) | ISBN 9781119441977 (obook)
Subjects: LCSH: Investments. | Liabilities (Accounting)
Classification: LCC HG4521 .T295 2021 (print) | LCC HG4521 (ebook) | DDC 332.6—dc23
LC record available at https://lccn.loc.gov/2020055881
LC ebook record available at https://lccn.loc.gov/2020055882
Cover Design: Wiley
Cover Image: © Tetra Images/Getty Images
Dedicated to my wife Dominica for her support throughout this process and to Angela Tammas for forty years of support and education.
Preface
Welcome to the first edition of ‘Liability Driven Investment’. This is my first experience of writing a book, and I'm grateful to John Wiley and the
