A practical and authoritative introduction to the concept of risk unit allocation as an alternative and more effective decision-making process for long-term investors. Make an informed decision about how to implement and execute a "risk unit allocation" investment policy. Analysis of techniques to assess how risk might impact long-term investment returns. Introduces methods to allocate assets based on the "risk unit" exposures - in individual asset classes and on a portfolio basis, to meetlong-term pension obligations and investment return objectives. Investigates ways to use VAR to accommodate a long-term investment horizon. Contributions from leading experts drawn from consultancies; large institutional investors; pension plans; investment banks and academia.