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Final Review Topics

Assuming alot of us will take it easy on Friday...what is the focus for Thursday? What topics deserve our final few hours after months of prep?

GIPS, IPS, AMC

Crazy tax formula:

FVIF = (1+r*)^n(1-T*)+T*-(1-B)tcg

NO EXCUSES

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Mock item set exam (maybe the 2010 one as well), and going over the second half of my notes.

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the brunt of my focuse on thursday and friday will be:

- any and all things currency: forwards, swaps, options, risk management, etc
- differences of institutional investors
- quick review of RRTTLLU (return, risk, time, taxes, liquidity, legal, unique)
- motivations for the different option strategies
- GIPS/Asset Manager Code
- WACC w/ pensions
- integration/segmentation adjustments
- ad/disad of trading strategies, trading evaluation, etc
- factor models (all that Covi,m / σm; Bijσi + Bfjσf blah blah blah)

i don't think that is too much to learn in two days.... is it?? lol

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bpdulog Wrote:
-------------------------------------------------------
> GIPS, IPS, AMC
>
> Crazy tax formula:
>
> FVIF = (1+r*)^n(1-T*)+T*-(1-B)tcg


T* is more complicated!!

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Interest rates rising for life insurance company's is not a good thing

lower prepayments are a bad thing for life insurance company's (cash flow risk)

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i thought that high interest rates are bad for LIABILITIES due to disintermediation and surrender.

but low interest rates are bad for ASSETS due to reinvestment risk / cash flow risk



Edited 1 time(s). Last edit at Thursday, June 2, 2011 at 12:54AM by the show NY.

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overdope Wrote:
-------------------------------------------------------
> bpdulog Wrote:
> --------------------------------------------------
> -----
> > GIPS, IPS, AMC
> >
> > Crazy tax formula:
> >
> > FVIF = (1+r*)^n(1-T*)+T*-(1-B)tcg
>
>
> T* is more complicated!!

T* is easy:

[tcg(1-Pi-Pd-Ptcg)]/(1-Piti-Pdtd-Pcgtcg)

Bottom is r* without r in front.

NO EXCUSES

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JP that is a broad statement, youd have to evaluate the ALM duration exposures...

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Doing an hour of corporate governance tonight. Reviewing some notes and formulas from 8-12 tomorrow morning. Then I'm dragging my @ss to the golf course for 9 holes and some relaxitime.

It's a scorcher in Dublin today, 22C and sun, sun, sun!

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