Investment & Actuarial Consulting, Controlling and Research


Responsible Investing - General Considerations and Implications for Fixed Income

This document evaluates arguments in favour of "responsible investing", but also illustrates the difficulties in defining this term.

2013-11-26_RTDG_Chart.PNG Publication

Challenges Pension Funds Face due to Low Interest Rates

Risk-averse asset-only investors should go for short duration as risk return is distributed highly asymmetrically.


Currency Risk and Implications for Swiss Pension Funds

The suspension of currency hedging is a tactical decision. As the CHF is a traditional safe haven, currency risk can be substantial during tail events. Therefore, it is very difficult to weight the cost savings to the additional risk.