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Investment Section - The Redington Prize

The Redington Prize is a competition for the best paper published on an investment-related topic within a certain time-frame. The biennial prize promotes investment research and a cash prize is awarded to the author of the chosen paper. Anyone can nominate a paper for prize consideration. The prize is sponsored by the Investment Section and is named after F. M. Redington, the eminent British Actuary who coined the term "immunization" in a 1952 paper that was published in the Journal of the Institute of Actuaries.

  1. The Risk of Asset Default
    TSA XLI (1989): 547-582
    by Irwin T. Vanderhoof, Faye Albert, Aaron Tenenbein and Ralph Verni

  2. Multivariate Duration Analysis
    TSA XLIII (1991): 335-376
    by Robert R. Reitano

  3. Multivariate Stochastic Immunization
    TSA XLV
    (1993): 425-461
    by Robert R. Reitano

  4. Interest Rate Risk Management: Developments in Interest Rate Term Structure Modeling
    NAAJ Vol. 1 No. 2 (April 1997)
    by Andrew Ang and Michael Sherris

  5. Quasi-Monte Carlo Methods in Numerical Finance
    Management Science (1996) and reprinted in Chapter 24 of Monte Carlo: Methodologies and Applications for Pricing and Risk Management (1998)
    by Corwin Joy, Phelim Boyle and Ken Seng Tan

  6. Term Structure Models: A Perspective from the Long Rate
    NAAJ, Vol. 3, No. 3, (1999)
    by Yong Yao.

  7. Market Value of Insurance Liabilities: Reconciling The Actuarial Appraisal and Option Pricing Methods
    NAAJ, Vol. 4, No. 1, (January 2000)
    by Luke N. Girard, FSA.

  8. Reinventing Pension Actuarial Science
    The Pension Forum, Volume 15, No. 1, (January 2003)
    by Lawrence N. Bader and Jeremy Gold

  9. The Earnings Implications of Pension Expense: A Stochastic Analysis of Ten Canadian Companies
    NAAJ, Vol.9 No. 4 (October 2005)
    by Paul Joss

  10. The Intersection of Pensions and Enterprise Risk Management
    Published in "Frontiers in Pension Finance"
    by Jeremy Gold