Titlebook: Risk Management for Pension Funds; A Continuous Time Ap Francesco Menoncin Textbook 2021 Springer Nature Switzerland AG 2021 Asset Pricing.

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Introduction, literature about optimal asset allocation and risk management has been developing fast and now takes into account many possible frameworks and applications. Here, we deal with the application of the asset allocation problem to a more recent topic: the pension funds.

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The Financial Market,chapter we show how to check whether a market is arbitrage free and complete. We will always assume that the financial market is arbitrage free, since this is an obvious assumption that no model can disregard. Instead, the completeness hypothesis will be technically necessary for solving the optimal

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Financial-Actuarial Assets,hree cases: (1) the longevity bond, (2) the out of date Tontine, and (3) the death bond. These particular assets are just examples of a design that could be used to create many other actuarial derivatives whose underlying is the force of mortality. From a theoretical point of view, such assets are v