Description
The e-course is designed to provide you with an understanding ofthe investment theories used to implement the investment process.Throughout this e-course, you will be exposed to case studies fromreal experiences that illustrate the range of considerations inmanaging investment portfolios supporting particular liabilitiesand goals. After completing this module, you should be able todefine, design, monitor and modify an overall investment strategygiven a client's objectives and constraints. You should also beable to communicate results to the client.
Originally developed as one e-course of the Society ofActuaries' Basic Education e-Learning program, this e-course is nowbeing made available as a resource through the Society ofActuaries' professional development program.
This e-course is provided to assist with professionaldevelopment. Should you wish to register for an e-Learning moduleto attain a designation, please visit the e-Learning module Web page.
Length
50–60 hours to complete all activities in this e–course. For self–study purposes, your experience may vary.
Fee $200
Learning Objectives
By the end of this e-course, you will be able to:develop an investment policy statement (IPS),design an investment strategy,monitor and modify an investment strategy,communicate results to the client andapply all skills and knowledge to a practical scenario.
Course Outline
Section 1: OverviewSection 2: Develop an Investment Policy StatementSection 3: Design an Investment StrategySection 4: Monitor and Modify an Investment StrategyEnd-of-Course Test
Audience
This e–course is intended for the following:individuals engaged in the actuarial profession at any level looking to fulfill their CPD requirement andother professionals interested in or impacted by important topics related to the actuarial field.
Continuing Professional Development Credit
The SOA Continuing Professional Development (CPD) Requirement was effective on Jan. 1, 2009 and members must report compliance at the end of each CPD period. Members must meet the Basic Requirement provisions of Section B or one of the Alternative Compliance provisions of Section C of the SOA CPD Requirement in order to be deemed compliant.
This e–course may be suitable to meet the Basic Requirement provisions of Section B of the SOA CPD Requirement. This e–course may also be suitable to meet the provisions of an Alternative Compliance standard (please consult the appropriate standard). Ultimately, it is the member's responsibility to make a reasonable, good–faith determination as to whether a continuing education event meets the CPD Requirement.
Structured credit: This e–course offers 7.5 units SOA structured credit.
Unstructured credit: This is a self–study course and, therefore, SOA unstructured credit is determined by the member.
View full details of Continuing Professional Development credit. Resource Materials
The following books are resources that are referenced in the e–course. While these materials are not required for those taking the e–course for professional development, they are recommended to enhance the e–course learning experience:Managing Investment Portfolios: A Dynamic Process, 3rd Edition, J.L. Maginn, D.L. Tuttle, J.E. Pinto, D.W. McLeavey, John Wiley and Sons, Inc, 2007.Managing Investment Portfolios, J.L. Maginn, D.L. Tuttle, J.E. Pinto, D.W. McLeavey,Workbook: A Dynamic Process, 3rd Edition, John Wiley and Sons, Inc, 2007.Asset/Liability Management of Financial Institutions, L.M. Tilman, Euromoney Institutional Advisor, 2003.The New Finance: Overreaction, Complexity and Uniqueness, 3rd Edition, R.A. Haugen, Prentice Hall, 2003.Winning the Loser's Game: Timeless Strategies for Successful Investing, C.D. Ellis, McGraw-Hill, 4th Edition, 2002.Risk Management, M. Crouhy, D. Galai, R. Mark, Irwin/McGraw Hill, 2001.Modern Investment Management, R. Litterman, John Wiley and Sons, Inc, 2003.Investment Management for Insurers, F. Fabozzi and D. Babbel, Frank J. Fabozzi & Assoc., 1999.When Genius Failed: The Rise and fall of Long-Term Capital Management, R. Lowenstein, Random House Trade Paperbacks, 2001Handbook of Portfolio Management, F. Fabozzi, John Wiley & Sons, 1998, Chapters 20-21 and Chapter 33: Fixed Income.