Description: The author notes “a telescope and a kaleidoscope both provide a view but that is where the similarities end. A telescope shows us an actual view whereas a kaleidoscope creates a view from broken pieces of glass. This article will analyze which analogy is closer to the stochastic modeling of interest rate or stock market projections.”

Description: Article, Swaps and the Swaps Yield Curve by Joseph G. Haubrich, reprinted with permission. From Risks and Rewards, February 2004, Issue No. 44. This article was originally published in Economic Commentary in December 2001. Reprinted with permission.

Description: Full version of Risks & Rewards Newsletter, August 2005, Issue No. 47.

Description: This article aimed to make Liability Driven Investing LDI more accessible by providing a simple definition and by showing how plans of different sizes and circumstances may adopt an appropriate LDI approach.

Description: February 2009 issue of the Investment Section newsletter, Risks & Rewards

Description: The author, head of Alternatives Investment Specialists at Fortis Investments, recently presented a research paper on the potential benefits and possible pitfalls of investing in illiquid assets. This newsletter provides a brief summary of that paper. The full paper is available upon request.

Description: Feature article discussing the newly developed Build America Bonds BABs.

Description: Feature article discussing the 2009 price action - periods of extreme distress and incredible euphoria across the global financial markets. The reversals experienced from asset class lows to their highs have not been seen in decades.

Description: Chairperson’s column discussing the state of the world today and how that influences investment strategies and describes to seminars the section sponsored to keep members apprised of changes.

Description: Description of new regulatory risk disclosure for private fund advisers.