Description: This article discusses the new Investment Section. The initial targeted areas are expected to be: Modeling, Corporate Finance, Capital Management and Investment Instruments.

Description: Irish actuary and professor explains his hypothesis that actuaries, as practitioners, are reluctant to adopt the theories of financial economists unless the models on which the theories are based fit the actual data the actuaries have.

Description: This article describes the Investment Year Method for allocation of general portfolio investment income and demonstrates the equivalence of a fixed index or declining index system.

Description: 20 years ago the author suggested that insurers invest a substantial part of their reserves in equities as an inflation hedge. Article discusses how equities have performed relative to inflation, in retrospect, and contemplates the future.

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

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 final actuarial work of the renowned Briton, Frank Redington. was a series of essays called “The Flock and the Sheep.” They were reviewed here some months ago by Kenneth Stewart. These articles describe what could be characterized as the problem of incidence of earnings on investments inequities. While equities produce the greatest returns over a long time, they tend to have lower returns than debt for the first years of the investment.

Description: In this article the author uses the backdrop of the Isner/Mahut 2010 Wimbeldon match that lasted an unlikely 183 games to discuss several diverse areas that provide opportunity for risk management.

Description: This article explains how duration matching as an asset/liability management tool is insufficient and can lead to a suboptimal asset mix.

Description: Feature article describing a new method of computing professional athletes’ salaries using actuarial skills/ the economic value concept. From The Actuary Magazine, Dec 2009