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Quotes of the day:
A homosexual who is honest with himself knows that he and his partner will never become parents together, dRINK, DRUGS AND SEX.
A liability-driven investment, otherwise known as liability-driven investing, is primarily slated toward gaining enough assets to cover all current and future liabilities. This type of investing is common when dealing with defined-benefit pension plans because the liabilities involved quite frequently climb into billions of dollars with the largest of the pension plans.1
Liability-driven investment explained (Part 1)
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