TY - JOUR T1 - Practical Applications of Pension Liabilities and Risk Parity JF - Practical Applications SP - 1 LP - 3 DO - 10.3905/pa.2013.1.2.010 VL - 1 IS - 2 AU - Edward Qian A2 - Scott, Cathy Y1 - 2013/10/31 UR - https://pm-research.com/content/1/2/1.10.abstract N2 - Pension Liabilities and Risk Parity Edward Qian Risk-parity is a relatively new investment concept that has been gaining traction among institutional investors since Edward Qian coined the phrase in 2005. In two separate articles, Qian takes research on risk parity to the next level. In this Practical Applications report, he recommends different approaches for public and private pension funds.In Pension Liabilities and Risk Parity , which appeared in the Fall 2012 issue of The Journal of Investing , Qian illustrates how underfunded public and private pension funds can use a risk-parity approach to return them to health over time while protecting against further deterioration.In Diversification Return and Leveraged Portfolios , which appeared in the Summer 2012 issue of The Journal of Portfolio Management , Quian investigates whether rebalancing risk-parity portfolios adds diversification value as it does in traditional asset allocation portfolios without leverage.Qian is Chief Investment Officer in the Multi-Asset Group at PanAgora Asset Management in Boston. ER -