Liability Relative Approaches

I am having trouble distinguishing between the Liability Relative Approaches mentioned in AA and the ones mentioned in FI.

AA refers to Surplus Optimization, Two Portfolio, Integrated A-L

FI refers to duration matching, Contingent Immunization, and Horizon Matching.

I understand each strategy is unique but aren’t they trying to accomplish the same thing? Unless I am missing something, it’s confusing they are mentioned in two different sections…

The FI ones basically relate to your hedging portfolio in the 2-fund approach in AA. They specify how the hedging portfolio is being implemented (via cash flow, duration, or a combination of the two as in horizon matching).

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