Description: This paper examines the so called 1/n investment puzzle which has been observed in defined contribution plans whereby some participants divide their contributions equally among the available asset classes. It has been argued that this is a very naive strategy since it contradicts the fundamental tenets of modern portfolio theory. We use simple arguments to show that this behavior is perhaps less naive than it at first appears. We show that when we account for estimation error the 1/n rule has some advantages in terms of robustness and we demonstrate this with numerical experiments. From The Actuarial Research Council, Volume 38, No. 1.

Description: This session covers the current interest rate environment, the outlook for interest rates and fixed-income return, the outlook for domestic and foreign equity returns, and the financial strategies based on a plan's funded status. From the Record of the Society of Actuaries Vol. 20, No. 3A.

Description: June 2012 issue of (RL) Bond Market Watch

Description: This presentation discusses investment policy for pension plans. From Record of the Society of Actuaries Vol. 10, No. 3.

Description: This session discussion is about asset/liability matching, risk tolerance versus yield determination and role of insurance company products and investment services. From Record of the Society of Actuaries Vol. 14, No. 1.

Description: This paper examines the characteristics of an ideal product and the type of institution that would be well positioned to offer the ideal product which would allow a housing asset to be a viable retirement asset.

Description: This paper advocates a broader role for actuaries in the proactive investment strategy of a pension fund by utilizing quantitative techniques and feedback analysis.

Description: June 2012 issue of (RL) Asset/Liability Watch.

Description: This session discusses the distinction between asset mix and market timing as well as the actuary's role in these mentioned matters. From Record of the Society of Actuaries Vol. 10, No. 4B.

Description: This discussion is about the various items that are needed to perform necessary projections. From Record of the Society of Actuaries Vol. 15, No. 1.