<> "The repository administrator has not yet configured an RDF license."^^ . <> . . . "Risk-return appraisal of longevity swaps"^^ . "The authors show that the transfer of longevity risk through derivatives, such as longevity swaps, usually decreases the overall risk of a pension fund, while also decreasing expected returns, thus resulting in efficient outcomes. In some cases, however, this may increase the overall risk. Risk is measured by Value-at-Risk (VaR), taking into account the impact of both longevity and interest-rate shocks on assets and liabilities. After calibrating a hypothetical fund to the U.K. longevity and bond market, the authors show that when inefficiencies arise, they may be avoided with a partial transfer of longevity risk."^^ . "2014" . . "Institutional Investor Journals"^^ . . . . . . . . . . . "Luca"^^ . "Regis"^^ . "Luca Regis"^^ . . "Elisa"^^ . "Luciano"^^ . "Elisa Luciano"^^ . . . . . "HTML Summary of #2372 \n\nRisk-return appraisal of longevity swaps\n\n" . "text/html" . . . "HD61 Risk Management"@en . . . "HG Finance"@en . .