Description: The Investment Section will sponsor a seminar on Managing Investment Risk and Returns April 17-18, 1989, at the Marriott Marquis in New York City. The seminar will focus on practical techniques for managing investment risk and enhancing returns for a broad array of both interest-sensitive and portfolio products.

Description: This article looks at the recent trend of mergers and acquisitions between very large organizations. The driving forces, issues involved and keys to success are discussed. The role of the actuary in this process is also reviewed.

Description: This article shows a comparison of the growth rates of the S&P 500 common stock index vs. the U.S. Consumer Price Index over various 5 and 10 year periods.

Description: This is a chart from the article Shouldering the Cost of Employee Stock Options which shows the values at each node.

Description: Article from The Actuary, January 1971 – volume 5 - Issue 1 uses examples to measure the effect of reinvesting funds at a rate different from that at which the investment is made based on the rapidly changing interest rates.

Description: Social security systems around the world have suffered from inadequate funding, leading to current or potential deficits and ultimate insolvency. This article discusses that this problem is a direct actuarial consequence of the inadequate funding that created the problem in the first place. It is simply an open group valuation problem.

Description: This article discusses the potential issues with a company's surplus due to currency fluctuations.

Description: Mergers and acquisitions 'M&A' are major forces driving change in the life insurance industry. This editorial discusses how the articles in this newsletter address the M&A phenomenon.

Description: This article summarizes a recent Hartford Actuaries Club workshop which examined Life Company Mergers and Acquisitions. Howard L. Rosen, FSA, addressed acquisitions and Charles C. DeWeese, FSA, reviewed mergers.