Handbook of Asset and Liability Management, Vol. 2, No. suppl (C) • 2007
ISSN: 1872-0978
doi: 10.1016/S1872-0978(06)02017-5
Chapter 17 Asset–Liability Management for Individual Investors
Abstract
This chapter considers theoretical and practical developments that are currently driving the remarkable growth of individual asset liability management (ALM) applications as part of the fund management industry worldwide. A personal financial planning is a decision problem faced by an individual whose aim is to manage his consumption and investment decisions to achieve a set of real or financial targets, given his current and expected income, over a long-term horizon. ...
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