Many Canadian pension funds use leverage to reduce the risk inherent in the asset-liability imbalance, to employ risk parity strategies, or to enhance asset returns, often tactically changing the amount of applied leverage. A recent article co-written by Robert Anderson documents the sources of levered portfolio performance including the impact of trading costs and covariance with excess return on the underlying assets.
- Start date: 2015-09-30 08:00:00
- End date: 2015-10-02 17:00:00