Description: Article Society Seminars by Adams in The Actuary, February 1979, Volume 13, Number 2

Description: This article is about equity real estate and how its becoming an important part of investment profiles.

Description: Feature article discussing the PBGC’s asset reallocation plan.

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: 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 author describes immunization with a simple illustration requiring only high school algebra rather than the ordinary and stochastic calculus that has been applied to this subject. It illustrates that if you have three invesmtents with different durations, we can take some combination of any two of them to get the same duration as the third.

Description: The author suggests that the optimal use of capital requires one to find a way to strike a balance between the conflicting desires for maximizing long term profit and minimizing short term loss.

Description: At our Houston meeting PD l, Donald D. Hester, Professor of Economics at University of Wisconsin, outlined a novel investment system aimed at protecting purchasing power of the lender’s funds from inflation’s ravages. This article is summary of that presentation.

Description: The authors explore major points of the exposure draft (ED) of the Financial Accounting Standards Board (FASB). At the same time, they explain the differences between the FASB ED and the ED published nearly simultaneously by the International Accounting Standards Board (IASB).

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