Document library
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- Author:
- Graham Cottingham; Brian Morrissey
- Source:
- Finance and Investment Conference 2003
Challenges to best practice in corporate governance in life offices (slides)
abcd Finance & Investment Conference 22-24 June 2003 The Caledonian Hilton Hotel, Edinburgh Challenges to Best Practice in Corporate Governance in Life Offices Graham Cottingham, Brian Morrissey Agenda Introduction Emerging themes Life ... read more >>
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- Author:
- Investment Risk Working Party; Mike Brooks (Chairman)
- Source:
- Finance and Investment Conference 2003
Active management or the equity risk premium: place your bets (Slides)
abcd Active Management or the Equity Risk Premium: Place Your Bets Investment Risk Working Party Finance and investment Conference 22-24 June 2003 A Perfect Storm? Market-based valuations Weak equity markets Greater trustee accountability Media ... read more >>
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- Author:
- Gordon Bagot\; Seth Armitage
- Source:
- Finance and Investment Conference 2003
What has the manager done for me? A value-based approach to investment performance measurement
In many circumstances it is unsatisfactory to measure portfolio performance using time-weighted rates of return. There are well known problems with performance attribution analysis using time-weighted returns in a multi-interval context, and it is ... read more >>
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- Author:
- Stephen Carlin; Andrew Smith
- Source:
- Finance and Investment Conference 2003
The importance of being normal
Analysts have used a variety of statistical distributions to model losses due to operational risks or insurance claims. In contrast, the normal distribution is the undisputed queen of capital market models. This paper examines an alternative family of ... read more >>
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- Author:
- Working Party on Absolute Return Funds; Robert Howie (Chairman)
- Source:
- Finance and Investment Conference 2003
Absolute return funds and institutional investors (Slides)
abcd Absolute Return Funds and Institutional Investors Robert Howie 23 June 2003 The Caledonian Hilton Hotel, Edinburgh Introduction Absolute Return: e.g. 10% p.a. Relative Return: e.g. MSCI World + 1% p.a. Think of “absolute return” ... read more >>
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- Author:
- Tom Wilson and Ramy Tadros
- Source:
- Finance and Investment Conference 2003
Risk based capital - convergence of banking and insurance risk managment
Risk Based Capital: Convergence of Banking and Insurance Risk Management Thomas C. Wilson, Managing Director, Head Finance and Risk Practice Ramy Tadros, Senior Job Manager, Insurance Practice Use this cover page for internal presentations C O N F I D E ... read more >>
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- Author:
- FIB Working Party; Paul Sweeting (Chairman)
- Source:
- Finance and Investment Conference 2003
Bond asset management - an overview (slides)
abcd Finance & Investment Conference Bond Asset Management – An Overview Paul Sweeting 22-24 June 2003 The Caledonian Hilton Hotel, Edinburgh Topics Types of bonds and their components Credit ratings Bond pricing Benchmarks and ... read more >>
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- Author:
- Finance & Investment Board
- Source:
- Response from the Actuarial Profession
21st century investment inquiry
In August 2002 the Centre for Tomorrow's Company, a business think tank set up by the Royal Society of Arts, after a Charles Handy lecture asking 'what is a company for?', initiated the 21st Century Investment Inquiry. The profession's response is set out ... read more >>
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- Author:
- Michael Queen
- Source:
- Pensions Convention 2003
How does a venture capitalist appraise investment opportunities? (slides)
1 1 How does a venture capitalist appraise investment opportunities? Michael Queen - Finance Director, 3i Group plc A presentation to: 2003 Pensions Convention 2 June 2003 How does a venture capitalist assess and price investment opportunities? 2 How ... read more >>
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- Author:
- G. C. Heywood, J. R. Marsland, and G. M. Morrison
Practical risk management for equity portfolio managers
The paper highlights the role of risk budgeting - how risk is 'spent' - in the investment management process and some of the practical issues encountered. Risk budgeting has received a great deal of interest from the investment management community ... read more >>
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- Author:
- Bruce Porteous Louise McCulloch Pradip Tapadar
- Source:
- Insurance Risk, April 2003
An approach to economic capital for financial services firms
What is economic capital, and how can it be both used and calculated? XX RISK APRIL 2003 WWW.RISK.NET Aprecise definition of economic cap-ital is hard to find, even though itis often referred to in risk and finance literature, including the new ... read more >>
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- Author:
- M A H Dempster; M Germano; E A Medova; M Villaverde
- Source:
- British Actuarial Journal [BAJ] (2003) 9: 137-216
Global asset liability management
GLOBAL ASSET LIABILITY MANAGEMENT By M. A. H. Dempster, M. Germano, E. A. Medova and M. Villaverde [Presented to the Institute of Actuaries, 25 November 2002] abstract Dynamic financial analysis (DFA) is a technique which ... read more >>
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- Author:
- G Heywood; J R Marsland; G M Morrison
- Source:
- British Actuarial Journal [BAJ] (2003) 9: 1061-1140
Practical risk management for equity portfolio managers
PRACTICAL RISK MANAGEMENT FOR EQUITY PORTFOLIO MANAGERS By G. C. Heywood, J. R. Marsland, and G. M. Morrison [Presented to the Institute of Actuaries, 28 April 2003] abstract The paper highlights the role of risk ... read more >>
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- Author:
- Martyn Dorey
- Source:
- Younger Members' Convention 2002
Risk budgeting (slides)
Investment management Investment Consulting Risk Budgeting Martyn Dorey 2nd December 2002 Aon Consulting Limited is regulated by the Financial Services Authority for investment business Risk Budgeting (RB) Agenda • What is risk budgeting? • Why do it? ... read more >>
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- Author:
- Mark Roberts
- Source:
- Younger Members' Convention 2002
An insider's guide to exchange traded funds (ETFs) (slides)
Investment management 1 By Mark Roberts, Head of iShares Product Strategy BARCLAYS GLOBAL INVESTORS Insider’s Guide to Exchange Traded Funds (ETFs) Younger Members Convention � What are Exchange Traded Funds (ETFs) � History of ETFs and iShares � ... read more >>
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- Author:
- Mark Teeger
- Source:
- Younger Members' Convention 2002
Stochastic asset models: a random walk into credit (slides)
Asset allocation; Stochastic models The Younger Members Convention 2-3 December 2002 The De Vere Daresbury Park Hotel, Warrington, Cheshire Stochastic Modelling: A Random Walk Into Credit Credit and Alternative Assets Mark Teeger, Morgan Stanley ... read more >>
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- Author:
- Martyn Dorey
- Source:
- Younger Members' Convention 2002
Risk budgeting
Investment management Investment Consulting Risk Budgeting Martyn Dorey 2nd December 2002 Aon Consulting Limited is regulated by the Financial Services Authority for investment business Risk Budgeting (RB) Agenda What is risk budgeting? Why do it? What is ... read more >>
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- Author:
- Mark Roberts
- Source:
- Younger Members' Convention 2002
An insider's guide to exchange traded funds (ETFs)
Investment management Insider’s Guide to Exchange Traded Funds (ETFs) Younger Members Convention By Mark Roberts, Head of iShares Product Strategy BARCLAYS GLOBAL INVESTORS What are Exchange Traded Funds (ETFs) History of ETFs and iShares Global ETF ... read more >>
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- Author:
- Nicola Paul
- Source:
- Younger Members' Convention 2002
Pensions on the front page (FRS17) (slides)
Accounting and auditing PENSIONS ON THE FRONT PAGE Nicola Paul Aon Consulting INTRODUCTION Is FRS17 the final nail in the coffin for Final Salary Pension Schemes? Publicity Member appreciation OVERVIEW Why FRS17 was introduced Method and ... read more >>
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- Author:
- Nicola Paul
- Source:
- Younger Members' Convention 2002
Pensions on the front page (FRS17) (handout)
Accounting and auditing PENSIONS ON THE FRONT PAGE Nicola Paul Aon Consulting INTRODUCTION • Is FRS17 the final nail in the coffin for Final Salary Pension Schemes? – Publicity – Member appreciation OVERVIEW • Why FRS17 was introduced • Method and ... read more >>