Asset and liability management (ALM) is a financial (analytic) tool for decision making that sets out to maximize stakeholder value. Its overall objective is to make judicious investments that increase the value of capital, match liabilities and protect from disastrous financial events. An integrated asset and liability management model sets out to find the optimal investment strategy by considering assets and liabilities simultaneously. Simply stated, the purpose of such an approach is to reduce risk and increase returns; ALM models have been used successfully for banks, pension funds and insurance companies, university endowments, hedge funds, mutual funds and wealthy individuals. Risks that can be addressed are interest rate risk, market risk, credit risk, liquidity risk and financial risk. [download]
Format : Ebook.Pdf
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