Presentation is loading. Please wait.

Presentation is loading. Please wait.

CIA Annual Meeting Assemblée annuelle de l’ICA

Published byMartina Long Modified over 5 years ago

Similar presentations

Presentation on theme: "CIA Annual Meeting Assemblée annuelle de l’ICA"— Presentation transcript:

1 CIA Annual Meeting Assemblée annuelle de l’ICA
June 29 & 30, 2006 Ÿ Les 29 et 30 juin 2006 Ottawa, Ontario Session IND-6: Segregated Funds Update | Jeff Brook – Sun Life Financial

2 SLF/CI Investments Relationship Risk Management Hedging
Agenda SLF/CI Investments Relationship Risk Management Hedging Session IND-6: Segregated Funds Update

3 CI Investments – Leveraging Strengths
Scale Marketing/sales support Sun Life Financial Insurance powers Distribution Whole greater than sum of parts Session IND-6: Segregated Funds Update

4 CIA Annual Meeting Ÿ Assemblée annuelle de l’ICA
Session IND-6: Segregated Funds Update

5 Main risk - market downturn
Risk Management Main risk - market downturn Significant marketplace activity on risk management/reduction Session IND-6: Segregated Funds Update

6 Risk Reduction Techniques
Remove/Reduce Resets Eliminate design choices (e.g. 100/100) Limit Fund Choices Increase Diversification Fund choices Time Soft Caps/Hard Caps Hedging Session IND-6: Segregated Funds Update

7 Hedging What An asset portfolio that has cash flows/value which responds to changes in the underlying funds in the same direction and magnitude as the cash flows/value of the liabilities Why Types Considerations Requirements Session IND-6: Segregated Funds Update

8 Risk committee/senior management tells you to
Why Hedge? Offload risk Risk committee/senior management tells you to Session IND-6: Segregated Funds Update

9 Static Long dated Put Options “Cash flow” hedge Dynamic
Types of Hedging Static Long dated Put Options “Cash flow” hedge Dynamic Trading Strategy “Value” hedge Typically Delta hedge Session IND-6: Segregated Funds Update

10 Reduce income volatility Residual exposure
Considerations Cost of hedging Reduce income volatility Residual exposure Session IND-6: Segregated Funds Update

11 Hardware requirements Significant
IT Capability Software Hardware requirements Significant Systems interlinks - usually Valuation and Hedging systems Technical Capability Hedge Accounting Session IND-6: Segregated Funds Update

12 Questions and Answers Session IND-6: Segregated Funds Update

Download ppt "CIA Annual Meeting Assemblée annuelle de l’ICA"

Similar presentations

CIA Annual Meeting Assemblée annuelle de l’ICA June 29 & 30, 2006  Les 29 et 30 juin 2006 Ottawa, Ontario D.J. Oakden Session PC-4 Impact on Discounting.

CIA Annual Meeting Assemblée annuelle de l’ICA June 29 & 30, 2006  Les 29 et 30 juin 2006 Ottawa, Ontario D.J. Oakden Session PC-4 Impact on Discounting.
Chapter 12: Basic option theory

Chapter 12: Basic option theory
Introduction to Derivatives and Risk Management Corporate Finance Dr. A. DeMaskey.

Introduction to Derivatives and Risk Management Corporate Finance Dr. A. DeMaskey.
CIA Annual Meeting LOOKING BACK…focused on the future.

CIA Annual Meeting LOOKING BACK…focused on the future.
Pricing and capital allocation for unit-linked life insurance contracts with minimum death guarantee C. Frantz, X. Chenut and J.F. Walhin Secura Belgian.

Pricing and capital allocation for unit-linked life insurance contracts with minimum death guarantee C. Frantz, X. Chenut and J.F. Walhin Secura Belgian.
Hedge Fund Strategies 101: Multi-Strategy Funds Hedge Fund Fundamentals | January 2015.

Hedge Fund Strategies 101: Multi-Strategy Funds Hedge Fund Fundamentals | January 2015.
CIA Annual Meeting Assemblée annuelle de l’ICA June 29 & 30, 2006  Les 29 et 30 juin 2006 Ottawa, Ontario Session PEN-21.

CIA Annual Meeting Assemblée annuelle de l’ICA June 29 & 30, 2006  Les 29 et 30 juin 2006 Ottawa, Ontario Session PEN-21.
Welcome to the Year-End GAAP Reporting Workshop June 9, 2004.

Welcome to the Year-End GAAP Reporting Workshop June 9, 2004.
CIA Annual Meeting Assemblée annuelle de l’ICA June 29 & 30, 2006  Les 29 et 30 juin 2006 Ottawa, Ontario Session Val-5 CLIFR Part II.

CIA Annual Meeting Assemblée annuelle de l’ICA June 29 & 30, 2006  Les 29 et 30 juin 2006 Ottawa, Ontario Session Val-5 CLIFR Part II.
Investments: Course Introduction 01/05/09. 1-2 Review: Basic Concepts of Finance Time Value of Money Risk and Return.

Investments: Course Introduction 01/05/ Review: Basic Concepts of Finance Time Value of Money Risk and Return.
Lesson 6 Objectives Understand what a financial plan is and its relationship to different types of budgets. Know the difference between debt and equity.

Lesson 6 Objectives Understand what a financial plan is and its relationship to different types of budgets. Know the difference between debt and equity.
PEN-22 SERP Pension Session CIA Annual Meeting Assemblée annuelle de l’ICA June 29 & 30, 2006  Les 29 et 30 juin 2006 Ottawa, Ontario SERP Commuted Values.

PEN-22 SERP Pension Session CIA Annual Meeting Assemblée annuelle de l’ICA June 29 & 30, 2006  Les 29 et 30 juin 2006 Ottawa, Ontario SERP Commuted Values.
CICA 3855 – one company’s approach CIA Annual Meeting Assemblée annuelle de l’ICA June 29 & 30, 2006  Les 29 et 30 juin 2006 Ottawa, Ontario.

CICA 3855 – one company’s approach CIA Annual Meeting Assemblée annuelle de l’ICA June 29 & 30, 2006  Les 29 et 30 juin 2006 Ottawa, Ontario.
2009 General Meeting ● Assemblée générale 2009 Ottawa, Ontario ● Ottawa (Ontario) 2009 General Meeting ● Assemblée générale 2009 Ottawa, Ontario ● Ottawa.

2009 General Meeting ● Assemblée générale 2009 Ottawa, Ontario ● Ottawa (Ontario) 2009 General Meeting ● Assemblée générale 2009 Ottawa, Ontario ● Ottawa.
Take your retirement plan off pause and hit play John Smith November 2013 Introducing.

Take your retirement plan off pause and hit play John Smith November 2013 Introducing.
Hedge Fund Strategies 101: Long/Short Equity Funds Hedge Fund Fundamentals | January 2015.

Hedge Fund Strategies 101: Long/Short Equity Funds Hedge Fund Fundamentals | January 2015.
Functionality of Banks and Hedge Funds and Contagion Between Financial Institutions Mila Getmansky Sloan School of Management System Dynamics Colloquium.

Functionality of Banks and Hedge Funds and Contagion Between Financial Institutions Mila Getmansky Sloan School of Management System Dynamics Colloquium.
Module 22. 1. The relationship between savings and investment spending 2. The purpose of the 5 principal types of financial assets: stocks, bonds, loans,

Module The relationship between savings and investment spending 2. The purpose of the 5 principal types of financial assets: stocks, bonds, loans,
1 CHAPTER 23 Derivatives and Risk Management Risk management and stock value maximization. Derivative securities. Fundamentals of risk management. Using.

1 CHAPTER 23 Derivatives and Risk Management Risk management and stock value maximization. Derivative securities. Fundamentals of risk management. Using.
Chapter 13: Risk Analysis McGraw-Hill/Irwin Copyright © 2011 by the McGraw-Hill Companies, Inc. All rights reserved.

Chapter 13: Risk Analysis McGraw-Hill/Irwin Copyright © 2011 by the McGraw-Hill Companies, Inc. All rights reserved.

Similar presentations

Ads by Google