Strategic Asset Allocation
The Link to Liability and Risk
In the absence any present obligations to assume liabilities, the approved end state SAA is aligned with current objective of overall fund growth by maximizing returns. Despite this desire, there is always a conscious and pragmatic attempt to associate and link the entire investment process to the ongoing assessment of the liability status of the funds. This is an important aspect of the overall process for it provides clarity and general direction to the risk management framework and relevant parameters in which KWAP operates in. The eventual assumption of liabilities holistically encapsulates and defines KWAP’s existence as a corporate entity.