Description: This article discusses credit default options, the applications, pricing and hedging default risk.

Description: The article discusses C1 risks in five areas: 1 the economics of risk, 2 portfolio optimization, 3 policy, 4 risk interaction and 5 institutional aspects of C1 risk.

Description: The article is a re-cap of the Chairman's last three years as a member of the Investment Section Council.

Description: Pension Forecasts, Part II: The Model Has No Clothes by Lawrence N. Bader from Risks and Rewards Newsletter, July 2001, Issue No. 37.

Description: This article discusses how pension accounting has an impact on the personal savings rate.

Description: The Funds Rate Target and Interest Rates by Daniel L. Thornton from Risks and Rewards Newsletter, April 2000, Issue No. 34. The close relationship between short term rates and the Federal Reserve's target for funds rate has led many observers to conclude that the Federal Reserve has considerable ability to influence short-term rates.

Description: Diminished equity returns and historically low levels of interest rates are compelling plan sponsors to look at new ways of fulfilling their fiduciary responsibilities. In response, new frontiers in asset/liability management have arisen. This article will discuss strategies aimed at reducing the volatility of pension expense and decreasing the likelihood of significant funding deficits, all without increasing pension contribution rates. From Risks and Rewards Newsletter, August 2005, Issue No. 47.

Description: This article lays out a generic framework on how to hedge a European call option on a non-dividend paying stock using futures in a stochastic interest rate environment.

Description: Feature article discussing potential pitfalls of using leveraged short ETFs as inverse funds to hedge portfolios.

Description: The article describes the 2017 Redington Prize-winning paper "Lapse-and-Reentry in Variable Annuities", by Thorsten Moenig and Nan Zhu, FSA.