Description: This session from the 1984 SOA New York City Meeing describes the venture capital fund life cycle, the risks, benefits, returns and approaches to investing in venture capital companies, leveraged buyouts and the practicalities for insurance company investing. From Record of the Society of Actuaries Vol. 10, No. 3

Description: Most investors give convertible securities less prominence than stocks and bonds in their investment portfolios. The attention span given to learning the intricacies and finer points of this hybrid security is quite narrow. In fact, most of us may not even know that a “golden age” existed or whether it has peaked. It’s far beyond our immediate concerns.

Description: 1990 Valuation Actuary Symposium luncheon speech that discusses the demine of the junk bond market and other asset value problems.

Description: This session 10 of the 1990 Valuation Actuary Symposium is a panel discussion on collateralized mortgage obligations and other asset projections.

Description: This article re-caps the Investment Actuary Symposium held on November 8-9, 2001 in Las Vegas, Nevada.

Description: Financial Accounting Standard Number 91 deals with the calculation of investment income and amortized cost for mortgage backed securities, as well as whole mortgages and callable bonds. The method described in this paper uses a Taylor series to eliminate the storage of all past cash flows, while still providing an accurate FAS 91 adjustment. From Actuarial Research Clearing House 1993, VOL. 3.

Description: This article discusses Asset-Backed Securities as a low volatility alternative to Intermediate Government Bonds.

Description: A paper on investment results of life insurance companies investing in high-yield, lower quality bonds, September, 1999.

Description: This panel discussion is from the 1991 Meeting of the Society of Actuaries, held May 16-17 in New York. The panelists present an overview of the regulatory framework for investments, discuss emerging issues for new investment vehicles, provide a valuation actuary update, discuss the regulatory attitude toward asset securitization, junk bonds and hedging, discuss regulatory developments related to the valuation of private placement, mortgages, real estate, and other securities, and discuss developments related to the Mandatory Securities Valuation Reserve, ‘MSVR,’ and capital requirements. Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 2.

Description: The author explains his negative opinion about the requirement to value collateralized mortgage obligations [CMO] using the New York Seven interest rate scenarios.