Do pension funds need a chief liquidity officer?

Michelle Teng says given the importance of liquidity management, a CLO may now be key

clock • 5 min read
Do pension funds need a chief liquidity officer?

We have all been trained to regard return volatility as the main measure of portfolio risk.

Relying on well-established multi-factor risk models, VaR models, credit default models and their own hard-earned experience, most institutional fund chief investment officers (CIOs) have a good un...

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