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  • Flight Paths – A Dynamic Investment Strategy
    settle some of the liabilities with lump sums and annuity purchases. Flight Path Martin McCaulay, FSA ... FSA, FCA, EA, MAAA, is an actuary with the U.S. Department of Energy in Washington, D.C. He can be reached ...

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    • Authors: Philip McCaulay
    • Date: May 2014
    • Competency: Technical Skills & Analytical Problem Solving>Incorporate risk management; Technical Skills & Analytical Problem Solving>Innovative solutions
    • Publication Name: Pension Section News
    • Topics: Pensions & Retirement>Pension investments & asset liability management
  • Expected Geometric Returns
    46 σ p2 Figure 1: Formula for Rate of Return Table 1 shows the expected geometric rates of return for ... Martin McCaulay, FSA, EA, is an actuary for the U.S. Department of Energy in Washington, D.C., and can ...

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    • Authors: Philip McCaulay
    • Date: May 2016
    • Competency: Technical Skills & Analytical Problem Solving>Incorporate risk management
    • Publication Name: Pension Section News
    • Topics: Finance & Investments>Risk measurement - Finance & Investments; Pensions & Retirement>Assumptions and methods; Pensions & Retirement>Pension investments & asset liability management