Description: In this article, we will analyze the recent value investing experience in the Canadian equity market, determine the main macroeconomic variables that drove the value cycle performance in that period, and draw some conclusions about the benefits of style rotation between value- and growth-oriented styles in the management of an investment portfolio.

Description: The Investment Section is hosting a member’s only contest on asset allocation. The results will be reported each week.

Description: Discusses the drawbacks of using adjusted book value instead of market value for the valuation of common stocks in a non-insured pension plan.

Description: The article is based on a study of causes of insolvency and decisions made by management, regulators, and policyholders over the life cycle of the insolvency.

Description: A framework to measure and evaluate the risk-adjusted investment performance given the characteristics of the insurance liability.

Description: A brief overview of modeling bonds and mortgages

Description: Discusses determining the internal rate of return on short sales of investments.

Description: This session will serve as a guide on how to implement a factor-based optimization in the Strategic Asset Allocation process. The session will review a factor-based investing approach and cover the top-down macroeconomic drivers of risk and return for various asset classes. We will then illustrate implementation of this investing approach and determination of an optimal Strategic Asset Allocation through a pension fund case study. There will be an interactive element to the session as the factor sensitivities of various portfolios can be examined in real-time.

Description: Feature article about: one of the significant contributions of modern academic finance has been to introduce the concept of stochastic investment forecasting

Description: Presented at June 1996 Spring Meeting. An investment manager discusses investment strategy for a disability insurer and a rating agency representative and a stock analyst describe how disability insurers are evaluated for risk profile and other issues.