Can Pension Funds Partially Manage Longevity Risk by Investing in a Longevity Megafund?

Abstract : Pension funds that handle retirement risk need to invest assets in a diversified manner, on long durations and if possible while facing interest rate and longevity risk. In the recent years, a new class of investment called a longevity megafund was described, that invests in clinical trials for solutions against age-related diseases. Using simple models, we here study the financial interest for pension funds of investing in a longevity megafund.
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Submitted on : Sunday, December 10, 2017 - 8:38:47 PM
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Edouard Debonneuil, Anne Eyraud-Loisel, Frédéric Planchet. Can Pension Funds Partially Manage Longevity Risk by Investing in a Longevity Megafund?. Risks, MDPI, 2018, 6 (3), pp.67. ⟨hal-01571937v3⟩

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