liability-led investing

English to German Bus/Financial Investment / Securities

"Core-satellite portfolios can also take other forms, such as using indexed satellites to gain exposure to higher risk/return asset classes, or including low-risk active managers in the core. Increasingly, large institutional investors are adopting investment approaches such as **liability-led investing** that require their portfolios to be more transparent in terms of sources of beta (volatility) and alpha (excess returns above the market return)."