The Global Risks Alliance (GRA)
Topics at Institutional Funds Nexus: the pages in this section are listed below, each with its own scope and status.
The Institutional Funds Nexus topics are the eight subject dossiers of its field, among them pension system resilience, long-term risk and asset-liability management. Each dossier sets out how the risk develops, what is measured and in which units, the public sources and their licences, the methods, who decides and the limits of the evidence.
GRA is a nonprofit business league for the financial services industry. It does not lend, underwrite, rate, invest, advise on or arrange transactions, and readiness work is not approval.
Topic pages in Institutional Funds Nexus share one structure: mechanisms, indicators, sources, methods, decisions and limits, written for pension trustees and chief investment officers and actuaries advising schemes.
Each term as this page uses it. Where a standard-setting body defines the term, the wording follows that body.
| Term | Definition |
|---|---|
| Buyout basis | The cost of insuring all a scheme's benefits with an insurer, usually the strictest funding measure. |
| Universal ownership | Holding a slice of the whole economy, so that systemic risks and externalities fall on the investor's own portfolio. |
| Hedge ratio | The share of liabilities' interest rate or inflation sensitivity matched by assets. |
| Capital call | A request from a private fund for investors to pay in part of their committed capital. |
| Investment policy statement | A document setting a fund's objectives, risk tolerance, asset allocation and governance of investment decisions. |
The bodies and documents this page is read against. Status and editions change; each link goes to the issuing body.
Funding and longevity exposures.
TopicClimate, demographic and technology.
TopicInvestment and liability dependencies.
TopicMarket stress and private holdings.
TopicMandates, controls and accountability.
TopicCross-portfolio exposures.
TopicResponsible engagement and measurement.
TopicLong-term savings and social conditions.
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