Monday, April 7, 2014

GMO whitepaper: Investing for Retirement: The Defined Contribution Challenge

Free registration required.

Ben Inker and Martin Tarlie take a fresh look at the challenge of Defined Contribution investing. Their research shows that minimizing expected shortfall is an improvement over more traditional optimization objectives, along with the ultimate objective - avoiding financial ruin. Furthermore, dynamic asset allocation, moving one’s assets, can dramatically improve a participant’s odds of achieving retirement savings success.