Abstract

http://ssrn.com/abstract=1031046
 
 

References (13)



 
 

Citations (1)



 


 



Do Health Care Investments Hedge Health Care Liabilities?


William W. Jennings


U.S. Air Force Academy - Department of Management

Steve P. Fraser


Florida Gulf Coast University

Brian C. Payne


US Air Force Academy; University of Nebraska at Lincoln - Department of Finance

November 2007


Abstract:     
We examine whether health care equity investments hedge health care liabilities. In contrast with conventional wisdom, we find them uncorrelated and, thus, poor hedges.

Number of Pages in PDF File: 15

Keywords: portfolio choice, mean-variance optimization, asset allocation, pension, liability-driven investment, non-profit investment, health-care financing

JEL Classification: G11, G23, I10, L30

working papers series





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Date posted: November 29, 2007  

Suggested Citation

Jennings, William W. and Fraser, Steve P. and Payne, Brian C., Do Health Care Investments Hedge Health Care Liabilities? (November 2007). Available at SSRN: http://ssrn.com/abstract=1031046 or http://dx.doi.org/10.2139/ssrn.1031046

Contact Information

William W. Jennings
U.S. Air Force Academy - Department of Management ( email )
2354 Fairchild Drive
Suite 6H-94
Academy, CO 80840-2944
United States
Steve P. Fraser (Contact Author)
Florida Gulf Coast University ( email )
Ft. Myers, FL 33965-6565
United States
Brian C. Payne
US Air Force Academy ( email )
Colorado Springs, CO
United States
University of Nebraska at Lincoln - Department of Finance ( email )
Lincoln, NE 68588-0490
United States
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References:  13
Citations:  1

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