User profiles for Lawrence N. Bader
Lawrence N BaderRetired Verified email at nc.rr.com Cited by 510 |
[PDF][PDF] Reinventing pension actuarial science
LN Bader, J Gold - Pension Forum, 2003 - users.erols.com
The 1974 passage of ERISA halted the evolution of the actuarial pension model. This frozen
model was unable to incorporate the emerging science of financial economics, which in turn …
model was unable to incorporate the emerging science of financial economics, which in turn …
Asset performance and surplus control: A dual-shortfall approach
…, S Kogelman, LN Bader - Journal of Portfolio …, 1992 - search.proquest.com
To achieve a reasonable balance between asset and surplus shortfall risks, a methodology
is presented for applying simultaneous shortfall constraints on both the asset performance …
is presented for applying simultaneous shortfall constraints on both the asset performance …
The case against stock in public pension funds
LN Bader, J Gold - Financial Analysts Journal, 2007 - Taylor & Francis
The case against equity investment by US corporate pension funds has been well documented
for a quarter century. The public sector has ignored or dismissed that case because of …
for a quarter century. The public sector has ignored or dismissed that case because of …
Pension deficits: an unnecessary evil
LN Bader - Financial Analysts Journal, 2004 - Taylor & Francis
Many companies believe that underfunding pension plans is an inexpensive way to borrow
from employees and that mismatching equity investments to bondlike pension promises …
from employees and that mismatching equity investments to bondlike pension promises …
Treatment of pension plans in a corporate valuation
LN Bader - Financial Analysts Journal, 2003 - Taylor & Francis
Failure to adjust corporate valuations for pension assets and liabilities that are separable
from the business operations can lead to dramatically misvalued companies.
from the business operations can lead to dramatically misvalued companies.
Interest rate-sensitive asset allocation
ML Leibowitz, S Kogelman, LN Bader… - Journal of Portfolio …, 1994 - search.proquest.com
By using volatility as the sole measure of risk, the traditional asset allocation approach neglects
some investors' concerns about achieving a critical threshold return that remains fixed as …
some investors' concerns about achieving a critical threshold return that remains fixed as …
Optimal'portfolios relative to benchmark allocations.
ML Leibowitz, LN Bader - Journal of Portfolio Management, 1993 - elibrary.ru
Presents a study on portfolio performance relative to an all-bond benchmark with a duration
that is representative of the investment-grade bond market. Benchmarks with equity …
that is representative of the investment-grade bond market. Benchmarks with equity …
Benchmark departures and total fund risk: A second dimension of diversification
ML Leibowitz, LN Bader, S Kogelman… - Financial Analysts …, 1995 - Taylor & Francis
Standard asset class benchmarks are efficient in controlling and measuring investment
performance on portfolio segments. This operational efficiency, however, can impede economic …
performance on portfolio segments. This operational efficiency, however, can impede economic …
How Public Pension Plans Can (and Why They Shouldn't) Ignore Financial Economics
LN Bader - Financial Analysts Journal, 2015 - Taylor & Francis
Public pension plan sponsors claim that their perpetual existence and taxing power exempt
them from financial economics. They therefore ignore current market conditions and rely on …
them from financial economics. They therefore ignore current market conditions and rely on …
The opportunity for greater flexibility in the bond component
ML Leibowitz, LN Bader… - Journal of Portfolio …, 1995 - search.proquest.com
During the decade ending in 1994, broadly declining interest rates generously rewarded
duration extension, but at a cost of added volatility. Duration extension in a 60% equity/40% …
duration extension, but at a cost of added volatility. Duration extension in a 60% equity/40% …