Description: Presented at October 1996 Annual Meeting. This session explores both conceptual and practical considerations involved with the formulation and implementation of investment strategy: decision-making framework and processes, measurement of risk and reward, constraints, modeling.

Description: In session 8PD of the New York Annual Meeting the panel discussion focuses on a range of problems encountered in managing a book of derivatives supporting an existing equity-indexed portfolio. From the Record of the Society of Actuaries, Vol. 24, No. 3.