Description: Feature article discussing numerical short cuts, rules of thumb, estimators, modeling tips, etc. The featured problem is fitting the intermediate points for a real-world stochastic model of interest rates.

Description: Chairperson’s column discusses recent events in the investment industry.

Description: February 2011 issue of the Investment Section newsletter, Risks & Rewards.

Description: Feature article describing the use of arithmetic means in the production of return results predictions.

Description: Applies the economic concept of negative externality (where firms profit but create unacceptable social costs) to systemic of financial institutions. Identifies alternatives to the traditional (Pigou) response of taxing the firm.

Description: In this article, we will analyze the recent value investing experience in the Canadian equity market, determine the main macroeconomic variables that drove the value cycle performance in that period, and draw some conclusions about the benefits of style rotation between value- and growth-oriented styles in the management of an investment portfolio.

Description: Part one of a two-part article, to be contined in Feb 2014. Provides useful rules of thumb for breaking out investment return into components of periodic arithmetic return, geometric return, the volatility of returns and the correlation of returns by asset class. Develops and relates these axiomatic concepts into rules of thumb for estimating quantiles of a range of stochastic returns.

Description: The Investment Section will be sponsoring several sessions at the upcoming 2013 Life & Annuity Symposium in Toronto from May 6-7.

Description: The authors outline the elements of new ALM paradigm for life insurers based on process governance, accountability, alignment and technology.

Description: Describes qualitative relationships among market factors that should be addressed in a successful "real world" calibration of a stochastic investment scenario set.