Arun Muralidhar

AlphaEngine Global Investment Solutions

Chairman

Great Falls, VA

United States

http://www.mcubeit.com

Georgetown University - McDonough School of Business

3700 O Street, NW

Washington, DC 20057

United States

http://realativityinfinance.wordpress.com

George Washington University

Adjunct Professor

2121 I Street NW

Washington, DC 20052

United States

SCHOLARLY PAPERS

61

DOWNLOADS
Rank 6,517

SSRN RANKINGS

Top 6,517

in Total Papers Downloads

12,494

SSRN CITATIONS
Rank 12,658

SSRN RANKINGS

Top 12,658

in Total Papers Citations

84

CROSSREF CITATIONS

40

Ideas:
“  I am currently working on (a) The Relative Asset Pricing Model (and Goals-based Asset Pricing Model); (b) Dynamic Beta Management or SMART/Intelligent Rebalancing (c) Pension Reform; (d) New Financial Instruments; (e) Risk-Adjusted Performance and Attribution; (f) the Importance of Time and Skill;(g) Sports-related Investments; (h) Gender Equity in Pensions; (i) Generational Equity in Pensions; (j) Climate Finance; (k) Vector Finance; (l) Monetary Policy Benchmarks  ”

Scholarly Papers (61)

1.

SeLFIES: A New Pension Bond and Currency for Retirement

Number of pages: 11 Posted: 30 Mar 2020
Robert C. Merton and Arun Muralidhar
Massachusetts Institute of Technology (MIT) - Sloan School of Management and AlphaEngine Global Investment Solutions
Downloads 1,016 (42,555)
Citation 6

Abstract:

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SeLFIES, Retirement Security, Currency for Retirement, Standard-of-Living Risk, Financial Innovation, Annuity Puzzle, Target Date Funds, Retirement Income

2.

The Mythology of Rebalancing: A Random Walk down Performance and Risk Management

Number of pages: 33 Posted: 17 Jan 2017 Last Revised: 20 Feb 2018
AlphaEngine Global Investment Solutions, Federated Investors Inc., Federated Investors Inc. and AlphaEngine Global Investment Solutions
Downloads 967 (45,578)
Citation 5

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Range Rebalancing, Calendar-Based Rebalancing, Intelligent Rebalancing, Robo-Advisors

3.

The Sharpe Ratio Revisited: What It Really Tells Us

Journal of Performance Measurement, Vol 19, No. 3, 2015
Number of pages: 8 Posted: 20 Nov 2015
Arun Muralidhar
AlphaEngine Global Investment Solutions
Downloads 861 (53,537)
Citation 2

Abstract:

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Sharpe Ratio, Risk-Adjusted Performance, Confidence in Skill, Time

4.

Time for Retirement ‘SeLFIES’?

Investments and Pensions Europe, Forthcoming
Number of pages: 2 Posted: 05 Apr 2017 Last Revised: 13 Apr 2017
Robert C. Merton and Arun Muralidhar
Massachusetts Institute of Technology (MIT) - Sloan School of Management and AlphaEngine Global Investment Solutions
Downloads 623 (81,613)

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Retirement SeLFIES, Pension REform, Financial Innovation, Forward Starting Bonds, DB Pensions, DC Pensions, Standard of Living Indexation

5.

How Knowledge Management Can Capture Untapped Alpha: A Case Study of Informed Rebalancing at the San Bernardino County Employees’ Retirement Association

Number of pages: 16 Posted: 30 Apr 2019
Donald Pierce, Sanjay Muralidhar and Arun Muralidhar
affiliation not provided to SSRN, AlphaEngine Global Investment Solutions and AlphaEngine Global Investment Solutions
Downloads 560 (93,348)

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Knowledge Management, InvestTech, Alpha Generation, Risk Management, Asset Management, Investment Strategy; Rebalancing, Governance

The Relative Asset Pricing Model: Implications for Asset Allocation, Rebalancing, and Asset Pricing

Journal of Financial Perspectives, 2014
Number of pages: 14 Posted: 23 Feb 2014 Last Revised: 03 Aug 2018
Arun Muralidhar, Kazuhiko Ohashi and Sung Hwan Shin
AlphaEngine Global Investment Solutions, Hitotsubashi University and Korea Fixed Income Research Institute
Downloads 371 (150,491)
Citation 4

Abstract:

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CAPM, RAPM, LDI, Fama-French, Prospect Theory, Zero Beta CAPM

The Relative Asset Pricing Model: Implications for Asset Allocation, Rebalancing and Asset Pricing

Journal of Financial Perspectives, Vol. 3, No. 1, 2015
Number of pages: 32 Posted: 04 Dec 2017 Last Revised: 27 Jul 2018
Arun Muralidhar, Kazuhiko Ohashi and Sunghwan Shin
AlphaEngine Global Investment Solutions, Hitotsubashi University and Hongik University
Downloads 157 (350,018)

Abstract:

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7.

Targeting Retirement Security with a Dynamic Asset Allocation Strategy

Kóbor, Ádám and Muralidhar, Arun, Targeting Retirement Security with a Dynamic Asset Allocation Strategy (May 7, 2019). Financial Analysts Journal, 23 June 2020, 76(3): 38–55.
Number of pages: 38 Posted: 30 May 2019 Last Revised: 17 Aug 2020
Adam Kobor and Arun Muralidhar
New York University (NYU) and AlphaEngine Global Investment Solutions
Downloads 364 (154,992)
Citation 1

Abstract:

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Intermediate Retirement Target, BFFS, SeLFIES, Retirement Security, Retirement Income, Monte Carlo Simulation, Historical Simulation, Dynamic Allocation, GLIDeS, Goals-based Investing, Lifetime Income strategy, Savings Implications

8.

Goals Based Investing, the KISS Principle, and the Case for New Financial Instruments

Number of pages: 49 Posted: 15 Jan 2016 Last Revised: 05 Feb 2016
Arun Muralidhar
AlphaEngine Global Investment Solutions
Downloads 340 (166,838)
Citation 4

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Goals Based Investing, GBI, RAPM, LDI, BEST, Financial Innovation, BFFS, College Savings Plans, Prepaid Tuition Plans, 529s

9.

Modern Prospect Theory: The Missing Link Between Modern Portfolio Theory and Prospect Theory

Number of pages: 37 Posted: 09 Sep 2014
Arun Muralidhar
AlphaEngine Global Investment Solutions
Downloads 319 (178,580)
Citation 3

Abstract:

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Prospect Theory, MPT, Kahneman-Tversky, Relative Asset Pricing, Funded Status, Liabilities, Utility

10.

Applying Behavioral Finance to Investments: The Existence and Importance of 'Investment Tribes'

Number of pages: 20 Posted: 20 Aug 2019
Sid Muralidhar and Arun Muralidhar
Risktyle and AlphaEngine Global Investment Solutions
Downloads 299 (191,252)
Citation 1

Abstract:

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Behavioral Finance; Investment Tribes; Risktyle, Consistency Smile, Behavioral Diagnostic; Behavioral Bias; Loss Aversion; Risk Seeking; Investment Decision-Making

11.

A Very Simple Goals- and Risk-Based Asset Pricing Model (or Asset Pricing with Heterogeneous Investors)

Forthcoming in Journal of Investment Management
Number of pages: 47 Posted: 12 Oct 2017 Last Revised: 24 Jun 2020
Arun Muralidhar
AlphaEngine Global Investment Solutions
Downloads 274 (209,158)
Citation 2

Abstract:

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Goals Based Investing, Asset Pricing, Asset Allocation, Risk-Adjusted Performance, Heterogeneous Investors, GBI, CAPM, MPT, RAPM, ICAPM, Three Fund Separation, Goal-Replicating Assets, SeLFIES, BFFS, BEST

12.

Developing an Effective Dynamic Beta Overlay

Number of pages: 14 Posted: 26 Sep 2018 Last Revised: 07 Oct 2018
Joy Xu and Arun Muralidhar
Verizon Investment Management Corp (VIMCO) and AlphaEngine Global Investment Solutions
Downloads 268 (213,877)

Abstract:

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Global Tactical Asset Allocation, GTAA, Multi-Asset Investing, Crowdsourcing Best Ideas, InvestTech, Futures Overlay, Effective Cash Management, Untapped Alpha, SMART Rebalancing, Investment Decision Process, Dynamic Beta, AlphaEngine®

13.

SeLFIES Can Help Brazil Create a SUPER Supplementary Pension

Revista Brasileira de Previdência, 11ª edição – Primeiro Semestre I-2020
Number of pages: 8 Posted: 13 May 2020
Arun Muralidhar, Robert C. Merton and Alexandre Vitorino
AlphaEngine Global Investment Solutions, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Organizações e Sociedade
Downloads 264 (217,082)
Citation 2

Abstract:

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Supplementary Pensions, SeLFIES, Social Security, Brazil, Financial Innovation, Pension Design

14.

Investing in Sports Teams: Nothing But Net?

Number of pages: 25 Posted: 03 Apr 2023 Last Revised: 19 Apr 2023
Arun Muralidhar, Sachin Muralidhar and Sid Muralidhar
AlphaEngine Global Investment Solutions, University of Virginia and Risktyle
Downloads 261 (219,581)

Abstract:

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Asset Allocation, Diversification, Sports Investment, NBA, NFL, Endowment Portfolios, Alternative Investments

15.

InvestTech and Crowdsourcing Best Ideas: Investment Strategies for a Low-Yield Environment

Number of pages: 12 Posted: 17 Jan 2017
Samuel Kunz and Arun Muralidhar
University of California - Office of the President and AlphaEngine Global Investment Solutions
Downloads 247 (231,831)
Citation 3

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Crowdsourcing, InvestTech, Low Yielding Environment, Tactical, Beta Management, Dashboards, Governance, Risk Management

16.

Dare to Be Different: How to Commit to Investment Beliefs Through Knowledge Management

Number of pages: 14 Posted: 19 Mar 2018 Last Revised: 23 Mar 2018
Samuel Kunz and Arun Muralidhar
University of California - Office of the President and AlphaEngine Global Investment Solutions
Downloads 243 (235,619)
Citation 1

Abstract:

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Knowledge Management, Agent-Based Risk Management, InvestTech, Crowdsourcing, Alpha Generation, Risk Management, Asset Management, Investment Strategy, Active-Passive, Investment Beliefs, Rebalancing

17.

Investi Nel Tuo Futuro e Nel Futuro del'Italia (Investing in the Future of Italy through a BTPPI Retirement Bond)

Number of pages: 34 Posted: 29 Jun 2023 Last Revised: 03 Jul 2023
Arun Muralidhar, Fabio Galli and Giorgio Fano
AlphaEngine Global Investment Solutions, Independent and Independent
Downloads 228 (250,587)

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Retirement Bonds, SeLFIES, TOP, Tesoro Obbligazioni per le Pensioni, Financial Literacy, Second Pillar Pensions, Previdenza Complementare, Financial Innovation, Increasing Coverage, Buono Tesoro Poliennale Pensione Inflazione (BTPPI)

18.

Asset Pricing Anomalies: Two Hedge Factors with Negative Risk Premia Embedded in Portfolios!

Number of pages: 38 Posted: 16 Jan 2017
Arun Muralidhar, Robert Savickas and Tzu-Jui Mao
AlphaEngine Global Investment Solutions, George Washington University - School of Business - Department of Finance and International Finance Corporations (IFC)
Downloads 223 (255,864)

Abstract:

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Relative Asset Pricing Model, RAPM, Fama-French, Factor-Based Investing, Asset Pricing Model Tests, Negative Risk Premia, Adaptive Markets Hypothesis

19.

Asset Pricing, Asset Allocation and Risk-Adjusted Performance with Multiple Goals and Agency: The Goals and Risk-based Asset Pricing Model

Number of pages: 40 Posted: 13 Feb 2020
Arun Muralidhar
AlphaEngine Global Investment Solutions
Downloads 222 (256,990)

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Pair-wise Equilibrium, GRAPM, Goals Based Investing, Asset Pricing, Asset Allocation, Risk-Adjusted Performance, Heterogeneous Investors, GBI, CAPM, RAPM, ICAPM, Three Fund Separation, Zeta, Relative Beta, Goal-Replicating Assets, SeLFIES, BFFS, BEST, M-cube, M-square, Sharpe Ratio

20.

How a New Bond Can Greatly Improve Retirement Security

Forthcoming, The Retirement Management Journal, Investments and Wealth Institute
Number of pages: 32 Posted: 26 Mar 2018 Last Revised: 02 Sep 2018
Adam Kobor and Arun Muralidhar
New York University (NYU) and AlphaEngine Global Investment Solutions
Downloads 213 (267,053)
Citation 3

Abstract:

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Retirement Bond, BFFS, SeLFIES, Retirement Security, Retirement Income, Annuity Pricing, Monte Carlo Simulation, Historical Simulation

21.

SeLFIES: A-New(-ity) Look for Retirement

Number of pages: 9 Posted: 01 Apr 2020
Arun Muralidhar, Robert C. Merton and Paula Hogan
AlphaEngine Global Investment Solutions, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Creative Planning
Downloads 208 (272,995)

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SeLFIES; Retirement Security, Retirement Income, Retirement Wealth; Financial Innovation

22.

The Most Basic Missing Instrument in Financial Markets: The Case for Forward Starting Bonds

The Journal of Investment Consulting, Volume 17, Number 2, 2016
Number of pages: 16 Posted: 27 Oct 2015 Last Revised: 30 Jan 2017
Arun Muralidhar, Kazuhiko Ohashi and Sung Hwan Shin
AlphaEngine Global Investment Solutions, Hitotsubashi University and Korea Fixed Income Research Institute
Downloads 205 (276,771)
Citation 4

Abstract:

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Forward Starting Bond, Individual DB, myRA, DC, deferred annuity, RAPM

23.

CO2e/CaRe Financed Emissions in Institutional Portfolios: A Call to Action

Forthcoming in Journal of Investment Consulting
Number of pages: 29 Posted: 14 Mar 2023 Last Revised: 27 Mar 2024
Arun Muralidhar and Sanjay Muralidhar
AlphaEngine Global Investment Solutions and AlphaEngine Global Investment Solutions
Downloads 204 (277,974)
Citation 1

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Climate Change, ESG, Carbon Dioxide Equivalent (CO2e), Asset Allocation, Car Emission Equivalent (CaRe), Pension Funds, Endowments, Net Zero Asset Owner Alliance, Industry Reporting Standards, Measure, Manage, Monitor (M-cube); Retail Investors

24.

Attribution Hears a Who! The Case for Decision-Maker Based Attribution

Journal of Performance Measurement, Spring 2016
Number of pages: 11 Posted: 21 Dec 2015 Last Revised: 06 Jan 2017
Arun Muralidhar
AlphaEngine Global Investment Solutions
Downloads 191 (294,868)
Citation 2

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Decision Based Performance Attribution, ARUN, Decision-Maker Based Attribution, Brinson Attribution, Risk-Adjusted Performance, Skill

25.

The Time Contradiction (in Asset Management and Asset Pricing) Between Investor Decision Horizons and Time Needed to Establish Skill

Journal of Performance Measurement (Fall 2017)
Number of pages: 23 Posted: 25 Apr 2015 Last Revised: 30 Oct 2017
Arun Muralidhar
AlphaEngine Global Investment Solutions
Downloads 181 (309,392)
Citation 3

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Asset Pricing, Investment Decisions, Time Horizon, Time Contradiction, Rebalancing, Hedge Fund Fees, Peer Comparison

26.

Addressing Financial Illiteracy Through Financial Innovation: The Case for Goal-Specific Bonds the Embed Inflation and Compounding

Number of pages: 27 Posted: 03 Jan 2018
Arun Muralidhar
AlphaEngine Global Investment Solutions
Downloads 179 (312,469)
Citation 6

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Financial Illiteracy, Financial Education, GBI, Goal-Replicating Assets, SeLFIES, BFFS, BEST, Financial Innovation, Retirement Security, Student Debt Crisis, 529s, Goals-Based Investing

27.

Behavioral Finance in Investing: The Existence and Importance of 'Investment Tribes' and Risk-Preference Diversity

Journal of Investment Consulting, Vol. 20, No. 1, 2020, pp. 48-60
Number of pages: 15 Posted: 13 Jan 2021
Sid Muralidhar and Arun Muralidhar
Risktyle and AlphaEngine Global Investment Solutions
Downloads 172 (323,570)

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Behavioral Finance; Investment Tribes; Risktyle, Consistency Smile, Behavioral Diagnostic; Behavioral Bias; Loss Aversion; Risk Seeking; Investment Decision-Making

28.

The F-Utility of Wealth: It’s All Relative

Forthcoming in Journal of Investment Management, 2019
Number of pages: 17 Posted: 17 Feb 2019 Last Revised: 29 Mar 2019
Arun Muralidhar
AlphaEngine Global Investment Solutions
Downloads 170 (326,872)
Citation 4

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Asset Allocation, Asset Pricing, Risk-Adjusted Performance, Relative Wealth, Agency, Skill of Managers, Relative Risk, Regulation

29.

GBI = Gimme Better (Financial) Instruments: An Innovation to Greatly Simplify Complex Investment Approaches

Investments and Wealth Monitor, Forthcoming
Number of pages: 4 Posted: 07 Apr 2016
Arun Muralidhar
AlphaEngine Global Investment Solutions
Downloads 170 (326,872)
Citation 5

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30.

LDI: Does it Turn CAPM into RAPM?

Number of pages: 24 Posted: 04 Feb 2013
Arun Muralidhar, Kazuhiko Ohashi and Sung Hwan Shin
AlphaEngine Global Investment Solutions, Hitotsubashi University and Korea Fixed Income Research Institute
Downloads 151 (361,313)

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CAPM, RAPM, LDI

31.

The Relative Asset Pricing Model: Toward a Unified Theory of Asset Pricing

Journal of Investment Consulting, Vol. 15, No. 1, 51-66, 2014
Number of pages: 18 Posted: 30 Aug 2014 Last Revised: 16 Nov 2015
Arun Muralidhar, Kazuhiko Ohashi and Sung Hwan Shin
AlphaEngine Global Investment Solutions, Hitotsubashi University and Korea Fixed Income Research Institute
Downloads 144 (375,441)

Abstract:

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relative asset pricing model, asset pricing theory

32.

Managing Longevity Risk – The Case for Longevity-Indexed Variable Expiration (LIVE) Bonds

Number of pages: 38 Posted: 18 Aug 2018 Last Revised: 20 Oct 2018
Arun Muralidhar
AlphaEngine Global Investment Solutions
Downloads 142 (379,575)
Citation 6

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Annuity Puzzle, Longevity Risk, Longevity Bonds, BFFS, Selfies, Live Bonds, Financial Innovation

33.

Retire In-Home: A New Way to Use a Home to Guarantee Retirement Income

Number of pages: 41 Posted: 12 Nov 2018 Last Revised: 03 Sep 2019
Arun Muralidhar
AlphaEngine Global Investment Solutions
Downloads 141 (381,668)

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Retirement Bonds, BFFS, SeLFIES, Longevity Hedge, LIVE Bonds, Retire In-Home, Reverse Mortgages, Retirement Security, Retirement Income, Deferred Annuity, CRIPTOs, Real Estate, Financial Innovation

34.

The Next Step in the Evolution of Decision-Based Attribution: Micro or Rules-based Attribution (and the Atoms of Attribution)

Forthcoming, Journal of Performance Measurement
Number of pages: 13 Posted: 06 Jan 2020
Arun Muralidhar and Sanjay Muralidhar
AlphaEngine Global Investment Solutions and AlphaEngine Global Investment Solutions
Downloads 140 (383,858)

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Decision-based Performance Attribution; Micro Attribution; Macro Attribution; Rules-based Attribution; Investment Decision Process

35.

SeLFIES for Portugal - An Innovative Pan European Retirement Solution

Forthcoming in "Pension Plans in the EU Internal Market," edited by Prof. Nazare Cabral; Published by Springer, 2019
Number of pages: 26 Posted: 06 Nov 2019
Massachusetts Institute of Technology (MIT) - Sloan School of Management, AlphaEngine Global Investment Solutions and affiliation not provided to SSRN
Downloads 139 (385,917)

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SeLFIES, Portugal, Retirement Security, Complementary DC System, Financial Innovation, Market Completion, Financial Literacy

36.

How Brazil’s RendA Bond Could Render DC Retirement Risk Obsolete: A Case Study

Retirement Management Journal, Forthcoming
Number of pages: 28 Posted: 19 Apr 2023 Last Revised: 30 May 2023
Alexandre Vitorino and Arun Muralidhar
Organizações e Sociedade and AlphaEngine Global Investment Solutions
Downloads 134 (397,267)

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RendA+, SeLFIES, Tesouro Direto, Retirement Saving, Complementary Income

37.

Can (Financial) Ignorance Be Bliss?

Financial Analysts Journal, Forthcoming
Number of pages: 16 Posted: 29 Aug 2018 Last Revised: 11 Oct 2018
Arun Muralidhar
AlphaEngine Global Investment Solutions
Downloads 134 (397,267)
Citation 5

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Financial Literacy; Financial Innovation; Retirement Bond; BFFS, SeLFIES, College Bond; 529 Plans; BEST; Goals-Based Investing; GBI; MPT Challenges; TIPS

38.

The Most Basic Missing Instrument in Financial Markets: The Case for Bonds for Financial Security

Journal of Investment Consulting, Vol. 16, No. 2, p. 34-47, 2016
Number of pages: 16 Posted: 07 Feb 2017
Arun Muralidhar, Kazuhiko Ohashi and Sung Hwan Shin
AlphaEngine Global Investment Solutions, Hitotsubashi University and Korea Fixed Income Research Institute
Downloads 128 (411,511)
Citation 3

Abstract:

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Retirement Security, Inflation-Linked Bonds, Bonds for Financial Security, BFFS

39.

Retirement Security, Finance Science, SeLFIES and The Flex MMM Plan

Number of pages: 30 Posted: 06 Nov 2019
Arun Muralidhar
AlphaEngine Global Investment Solutions
Downloads 127 (413,949)

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Finance Science, Retirement Security, Consumption-linked Bonds, BFFS, SeLFIES, Relative Wealth, Funded Status, MPT, Relative Asset Pricing Model, Financial Innovation, Market Completion, Flex MMM Plan

40.

A Novel Approach to Asset Pricing: Pair-Wise (or Janus) Equilibrium

Number of pages: 37 Posted: 03 Aug 2020
Arun Muralidhar
AlphaEngine Global Investment Solutions
Downloads 114 (448,823)

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Pair-wise Equilibrium, GRAPM, Goals Based Investing, Asset Pricing, Asset Allocation, Risk-Adjusted Performance, Heterogeneous Investors, GBI, CAPM, RAPM, Three Fund Separation, Zeta, Relative Beta, Goal-Replicating Assets, SeLFIES, BFFS, BEST, M-cube, M-square, Sharpe Ratio, Janus Equilibrium

41.

Intelligent Investment Dashboards to Improve Investment Efficiency

Number of pages: 14 Posted: 08 Jan 2019
Monel Amin and Arun Muralidhar
Diligence Vault and AlphaEngine Global Investment Solutions
Downloads 113 (451,787)

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Investment Dashboard, Governance,Technology, Reporting, Performance, Collaboration

42.

Managing Longevity Risk: The Case for Longevity-Indexed Variable Expiration Bonds

Retirement Management Journal, Vol. 8, No. 1, 2019, pp. 31-44
Number of pages: 16 Posted: 31 Jan 2020
Arun Muralidhar
AlphaEngine Global Investment Solutions
Downloads 105 (476,708)

Abstract:

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Annuity Puzzle, Longevity Risk, Longevity Bonds, BFFS, Selfies, Live Bonds, Financial Innovation

43.

How a New Bond Can Improve Retirement Security

Retirement Management Journal, Vol. 7, No. 1, 2018, pp. 16-30
Number of pages: 17 Posted: 20 May 2019
Adam Kobor and Arun Muralidhar
New York University (NYU) and AlphaEngine Global Investment Solutions
Downloads 105 (476,708)

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Retirement Bond, BFFS, SeLFIES, Retirement Security, Retirement Income, Annuity Pricing, Monte Carlo Simulation, Historical Simulation

44.

'InDIAs': Innovative Retirement Security Bonds for India

Number of pages: 32 Posted: 29 Jun 2023
Arun Muralidhar
AlphaEngine Global Investment Solutions
Downloads 94 (513,307)

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Retirement Bonds, SeLFIES, InDIAs, Financial Literacy, Second-Pillar Pensions, Old Pension Scheme (OPS), New Pension Scheme (NPS), Financial Innovation, Increasing Coverage, Digitalization, Aatmanirbhar, Financial Inclusion, JanDhan

45.

Can DC Participants Trust the Competence of Dutch Pension Funds?

Number of pages: 35 Posted: 18 Feb 2024
Arun Muralidhar, Anton Kramer and Roland van den Brink
AlphaEngine Global Investment Solutions, Independent and TrigNum
Downloads 83 (554,538)

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Pension Funds, Governance, Funding Ratio, Asset-Liability Risk, Strategic Asset Allocation, Peer Comparison, Confidence in Investment Skill, Principal-Agent Problem, Fiduciary Management.

46.

Investing in the NHL: A Power Play

Journal of Investment Consulting, Volume 22, November 1, 2023, pp 50 - 63
Number of pages: 27 Posted: 13 Mar 2023 Last Revised: 02 Jan 2024
Arun Muralidhar, Sachin Muralidhar and Sid Muralidhar
AlphaEngine Global Investment Solutions, University of Virginia and Risktyle
Downloads 77 (579,468)

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Asset Allocation, Diversification, Sports Investment, NHL, NFL Negative Correlation to Bonds, Negative Sharpe

47.

The Relative Asset Pricing Model - Incorporating Liabilities and Delegation to Chief Investment Officers: Version 0.1

Journal of Investment Consulting, Volume 14, Number 1, 2013, pp 25-40
Number of pages: 15 Posted: 29 Dec 2015
Arun Muralidhar and Sung Hwan Shin
AlphaEngine Global Investment Solutions and Korea Fixed Income Research Institute
Downloads 68 (620,362)

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Relative Asset Pricing Model, RAPM, Delegation, Agency, Skill

48.

Goals and Risk-Based Asset Pricing for Investors with Multiple Goals and Agents

Forthcoming in Journal of Investment Management
Number of pages: 47 Posted: 25 Apr 2023 Last Revised: 14 Jul 2023
Arun Muralidhar
AlphaEngine Global Investment Solutions
Downloads 67 (625,112)
Citation 1

Abstract:

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Pair-wise Equilibrium, Janus Equilibrium, GRAPM, Goals-Based Investing, Principal-Agent Problem, Luck versus Skill, Asset Pricing, Asset Allocation, Risk-Adjusted Performance, Risk Budgeting, Heterogeneous Investors, CAPM, Relative Asset Pricing Model, Zeta, Relative Beta, Goal-Replicating Assets, M

49.

'Realativity' in Finance: How a Simple Assumption Led to Many Crises

Number of pages: 14 Posted: 19 May 2023 Last Revised: 27 Oct 2023
Arun Muralidhar
AlphaEngine Global Investment Solutions
Downloads 61 (655,839)

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Goals-Based Investing, Multiple Stochastic Goals, Principal-Agent Problem, Luck versus Skill, Asset Pricing, Asset Allocation, Risk-Adjusted Performance, Risk Budgeting, Heterogeneous Investors, Modern Portfolio Theory, CAPM, Relative Beta, Goal-Replicating Assets, M-cube, M-square, Sharpe Ratio

50.

Goals-based Arrow-Debreu Securities

Number of pages: 46 Posted: 25 Oct 2023
Arun Muralidhar
AlphaEngine Global Investment Solutions
Downloads 56 (683,224)

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Arrow-Debreu Securities, Asset Pricing, Agency, Luck versus Skill, Goals and Risk-based Asset Pricing Model, Relative Asset Pricing Model, Stochastic Goals, Liability Driven Investing, Dual Normalization, Chameleons, State Prices, (No) Free Parameters, Goals-based Arrow-Debreu Securities, Heterogeno

51.

New Bond Would Offer a Better Way to Secure DC Plans

Pensions and Investments, Online, December 2015
Number of pages: 2 Posted: 16 Dec 2015
Arun Muralidhar
AlphaEngine Global Investment Solutions
Downloads 48 (731,992)
Citation 1

Abstract:

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52.

Improving Retirement Security with a Dynamic Asset Allocation Strategy using Retirement Bonds: The Case of Brazil

Number of pages: 30 Posted: 08 Dec 2023
Arun Muralidhar, Adam Kobor and Alexandre Vitorino
AlphaEngine Global Investment Solutions, New York University (NYU) and Organizações e Sociedade
Downloads 33 (841,836)

Abstract:

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Intermediate Retirement Target, RendA+, SeLFIES, Retirement Security, Retirement Income, Monte Carlo Simulation, Dynamic Allocation, GLIDeS, Goals-based Investing, Lifetime Income strategy,

53.

Addressing Infrastructure Funding and Retirement Security through Islamic Finance: Sukuk SeLFIES

Number of pages: 16 Posted: 12 Feb 2024
Arun Muralidhar, Mehmet Gerz and mustafa dereci
AlphaEngine Global Investment Solutions, affiliation not provided to SSRN and affiliation not provided to SSRN
Downloads 30 (867,274)

Abstract:

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Infrastructure Funding, Retirement Security, Financial Innovation, Demographic Infrastructure, Sharia Finance, Sukuk, SeLFIES, Retirement Income Bonds

54.

A Better Benchmark for Monetary Policy

Number of pages: 42 Posted: 15 Apr 2024
Arun Muralidhar
AlphaEngine Global Investment Solutions
Downloads 25 (912,489)

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Central Banks, Benchmarking, Institutional Investors, Risk Management, Inflation Volatility, GDP, Price Stability, Federal Reserve, ECB, Inflation Impacts, Monetary Policy, Unemployment Rate, ARUN, Dot Plots, Ski Slopes, CalSTRS, CERN, LACERA, NMPERA, Net Zero, Balance Sheet Reduction, Quantitative

55.

CO2e/CaRe Attributable Emissions in Dutch Portfolios

Number of pages: 24 Posted: 15 Apr 2024
Arun Muralidhar
AlphaEngine Global Investment Solutions
Downloads 15 (1,014,019)

Abstract:

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Climate Change, ESG, Carbon Dioxide Equivalent (CO2e), Asset Allocation, Car Emission Equivalent (CaRe), Pension Funds, Net Zero Asset Owner Alliance, Industry Reporting Standards, Measure, Manage, Monitor (M-cube); Retail Investors

56.

How Brazil's RendA Bond Could Render DC Retirement Risk Obsolete: A Case Study

Retirement Management Journal, Vol. 12, No. 1, pp. 32-43, 2023
Number of pages: 14 Posted: 07 Mar 2024
Alexandre Vitorino and Arun Muralidhar
Fundação Getúlio Vargas SP and AlphaEngine Global Investment Solutions
Downloads 11 (1,055,065)

Abstract:

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RendA+, SeLFIES, Tesouro Direto, Retirement Saving, Complementary Income

57.

Pensioen SPECULOOS: Lessons from Brazil for Belgium

Number of pages: 39 Posted: 26 Apr 2024
Arun Muralidhar
AlphaEngine Global Investment Solutions
Downloads 9 (1,074,547)

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Retirement Bonds, SeLFIES, SPECULOOS, Private Pensions, Defined Contribution, Guaranteed Real Retirement Income, Financial Literacy, 2nd Pillar, Insurance, Financial Innovation, Digitalization, Financial Inclusion, Gender Equality, SPECial ULtra-long Obligatie (PensiOen) Salaristook

58.

From Defined-Contribution Towards Target-Income Retirement Systems

Posted: 22 May 2020 Last Revised: 04 Aug 2021
Universidad de Los Andes - School of Management, Universidad de los Andes, Colombia - School of Management, Nuovalo and AlphaEngine Global Investment Solutions

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Asset Allocation, Pension Fund Regulation, Portfolio Insurance, Risk Management

59.

Selfies Can Improve the Nation's Retirement Security

Plan Sponsor Magazine, Forthcoming
Posted: 22 Nov 2017
Robert C. Merton and Arun Muralidhar
Massachusetts Institute of Technology (MIT) - Sloan School of Management and AlphaEngine Global Investment Solutions

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Annuities; SeLFIES; US Treasury; General Accounting Office; in-plan retirement income; funding infrastructure; financial innovation; GBI; forward-starting bonds

60.

The Relative Asset Pricing Model: Towards a Unified Theory of Asset Pricing

Posted: 20 Dec 2013
Arun Muralidhar, Sung Hwan Shin and Kazuhiko Ohashi
AlphaEngine Global Investment Solutions, Korea Fixed Income Research Institute and Hitotsubashi University

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relative asset pricing, liabilities, MPT, Prospect Theory, APT, agency

61.

PENSIONS FOR MIGRANTS – LEVERAGING THE RENDA+ SUCCESS

Number of pages: 24
Arun Muralidhar, Leandro Sarai and Sid Muralidhar
AlphaEngine Global Investment Solutions, Banco Central do Brasil and Risktyle
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Pensions, Migrants, Blockchain, RendA+, Educa+, Brazil, Treasury Direct, Pix, SIMPLE, SeLFIES

Other Papers (3)

Total Downloads: 43
1.

Opinion: How Not to Get Sued for Your DC Plan

CIO Magazine
Number of pages: 12 Posted: 21 Jul 2018
Arun Muralidhar
AlphaEngine Global Investment Solutions
Downloads 43

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Retirement Bond, BFFS, SeLFIES, Retirement Security, Retirement Income, DC Pensions, Safe Harbor, Financial Innovation, Lawsuits

2.

The Importance of Goals-based (and Values-based) Liability Indices: Applied to Impact and Green Investing

The Journal of Portfolio Management Novel Risks 2023, 50 (2) 134 -149 DOI: 10.3905/jpm.2023.1.551
Posted: 15 Mar 2023 Last Revised: 08 Apr 2024
AlphaEngine Global Investment Solutions, TrigNum, AllianceBernstein and Independent

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Goals-Based Investing, Investible Liability Index; Goals-based Liability Indices; Values-based Liability Index; Governance; Asset Allocation; Risk Budgeting, Net-Zero Compliance, GLIdes; Green Investing; Impact Investing; Sustainable Investing, Retirement Security; Liability-Driven Investing; Finan

3.

Invest Social Security, But Don't Privatize

Pensions and Investments, 2003
Posted: 23 Dec 2015
Franco Modigliani and Arun Muralidhar
Massachusetts Institute of Technology (MIT) (Deceased) and AlphaEngine Global Investment Solutions

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Social Security, guaranteed returns, reform, privatization