20120136805 | Flexible Allocation Process - A method of managing an open ended fund of a client including determining a random maturity and a payoff function of the fund, calculating a profile of the payoff function depending on a current price of a risky asset of the fund, calculating, according to the profile, an exposure function depending on the current price of the risky asset, estimating an average reference price of the risky asset, and computing a current target exposure of the fund to the risky asset, according to the exposure function and the price and the average reference price of the risky asset. | 05-31-2012 |