华信惠悦教材新资产负债模型.pptVIP

University of NSW 23 September 2002 Guest Lecture John Ferraro James Fitzpatrick Agenda Asset Liability Modelling (ALM) Working at Watson Wyatt- James Fitzpatrick- John Ferraro Please interrupt if you have a question The “Problem” A Trustee’s superannuation fund has lost 10% over the last few years due to poor investment markets. With the coverage of assets over liabilities now at only 100%, further losses will mean that the Fund will be under-funded. The “Problem”: the Trustee has asked for strategic advice to minimise the chance that the Fund’s coverage of liabilities falls further.