Abstract: An investment fund maximizes an investor's risk-adjusted expected return on an investment while also providing the investor with a defined minimum level income upon the maturity of the investment. The investment fund comprises a risk-free portfolio and an upside portfolio. The risk-free portfolio holds risk-free assets that provide a defined minimum income stream upon a predefined maturity date, and the upside portfolio holds sophisticated assets that are only available to qualified investors that meet one or more investing criteria. As new contributions are added to the fund, they are allocated between the risk-free and upside portfolios so that the fund will provide a minimum defined income stream upon its maturity date, where this minimum income amount may increase as more value is added to the fund. Upon maturity, the investor receives the income stream from the risk-free portfolio and the assets from the upside portfolio.

Abstract: In a drawdown strategy for an investor's retirement fund, assets from the fund are allocated between a drawdown account and an option annuity. The drawdown account contains assets that are invested in the markets, and the option annuity contains annuities that begin to pay at the end of a deferral period. In a first phase of investor's retirement, funds are drawn down from the drawdown account and paid to the investor, and the value of the option annuity grows as proceeds from the option annuity are accumulated by the option annuity. At some point the drawdown account is depleted, which corresponds to the end of the deferral period for the option annuity. At this time, a second phase of the retirement begins wherein the investor receives payments from the option annuity, and this continues for the remainder of the investor's life.

Abstract: In a drawdown strategy for an investor's retirement fund, assets from the fund are allocated between a drawdown account and an option annuity. The drawdown account contains assets that are invested in the markets, and the option annuity contains annuities that begin to pay at the end of a deferral period. In a first phase of investor's retirement, funds are drawn down from the drawdown account and paid to the investor, and the value of the option annuity grows as proceeds from the option annuity are accumulated by the option annuity. At some point the drawdown account is depleted, which corresponds to the end of the deferral period for the option annuity. At this time, a second phase of the retirement begins wherein the investor receives payments from the option annuity, and this continues for the remainder of the investor's life.

Abstract: An investment fund maximizes an investor's risk-adjusted expected return on an investment while also providing the investor with a defined minimum level income upon the maturity of the investment. The investment fund comprises a risk-free portfolio and an upside portfolio. The risk-free portfolio holds risk-free assets that provide a defined minimum income stream upon a predefined maturity date, and the upside portfolio holds sophisticated assets that are only available to qualified investors that meet one or more investing criteria. As new contributions are added to the fund, they are allocated between the risk-free and upside portfolios so that the fund will provide a minimum defined income stream upon its maturity date, where this minimum income amount may increase as more value is added to the fund. Upon maturity, the investor receives the income stream from the risk-free portfolio and the assets from the upside portfolio.