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System for combined pool portfolio

  • US 5,806,047 A
  • Filed: 09/25/1995
  • Issued: 09/08/1998
  • Est. Priority Date: 09/25/1995
  • Status: Expired due to Term
First Claim
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1. A system for managing, diversifying, and optimizing a portfolio of pension plans comprising employer-contributed securities of different employers, for a group of participants, comprising:

  • means for storing in accessible memory data representing a market value of employer-contributed securities in a particular pension plan for each pension plan in said portfolio, data representing select characteristics of said employer-contributed securities; and

    data representing select criteria of each participant, wherein the participants are selected from the group consisting of;

    individual employees in a pension plan having employer-contributed shares, pension plans having employer-contributed shares, and combinations thereof;

    means for determining a diversified allocation of portfolio assets among the employer-contributed securities based on said select characteristics, subject to said select criteria and predetermined constraints, wherein the means for determining said diversified allocation of portfolio assets further comprises an optimizer for minimizing the deviation in returns between the portfolio and a preselected objective function; and

    means for transferring assets from and to said portfolio to achieve said diversified allocation.

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