Presents information on a study which examined the performance of hedge funds and
managed futures funds during the 1982 to 1996. Performance measures; Hedge funds and …

This paper introduces a cohesive series of models designed to improve retirement income
projections. First, the retirement income goal (ie, liability) is decomposed based on assumed …

This chapter explains how state governments could create new low-cost lifetime assurance
funds to help provide retirement income security for millions of private-sector workers who …

All individuals need to determine a withdrawal policy for their retirement. This decision
needs to balance the goal of funding a desired lifestyle (and perhaps leaving a bequest) …

Both retirees and their employers can benefit from combining conventional DC-type savings
plans, designed to be spent down in the early part (say, the first 20 years) of retirement, with …

Endowments, wealthy families and retired individuals are often concerned, first and
foremost, about preserving their wealth or avoiding the possibility of depleted funds during …

We show how the relatively new concept of Perfect Withdrawal Rate can be used in
assessing the appropriate sustainable withdrawal amounts from a pot of wealth. This can be …

Where’s Tobin? Protecting Intergenerational Equity for Endowments Page 1 This is a
working draft, in progress. Comments are welcome and encouraged from anyone we might …