Description: February 2016

Description: Discussion of projected stochastic reserve results under PBR for ULSG product under different baseline projection scenarios and different investment strategies.

Description: Summary of Investment Council sponsored meetings as 2015 annual meeting

Description: A discussion on the validity of real returns.

Description: The article discusses the Double for Five Initiative where the Investment Section is doubling the value of membership for the next five years.

Description: Feature article describing how traditional pension asset allocations contain so much risk that the details of the “liability benchmark” have been largely ignored.

Description: Lifetime pension pools convert a lump sum into lifelong income, periodically adjusting benefit payouts based on mortality and investment experience. Volatility-targeting strategies can enhance benefit stability by dynamically adjusting the investment portfolio’s exposure to risky assets in the context of these pools, demonstrating superior performance compared to traditional static asset allocation methods.

Description: This articles explores the notion of whether the old rules and paradigms of investment strategy and caution may no longer be applicable in today’s financial environment, because things were “different this time.”

Description: “What is the likelihood of market crashes? This article seeks to provide an answer to this and related questions by focusing mainly on the crash of October 1987. Specifically, we shall seek answers to three questions: 1. Given the history of market returns, was the crash of ‘87 unusual? 2. How do conditional variance models such as GARCH behave around periods of extreme moves in the market? 3. What is the impact of the crash on backtesting and performance evaluation?” Editor’s Note: The following article originally appeared in the Winter 1998 issue of The BARRA Newsletter, Horizon, and is reprinted here with permission.