Refine Search

Search Results

Results 51–77 of 77 found.

Milliman FRM Risk Matters: Right-Tale Returns Are Overrated
by Joe Becker, Adam Schenck, Jeff Greco of Milliman FRM, 12/6/16

Donald Trump’s largely unexpected victory of the U.S. presidential election echoed the Brexit vote of just six months prior, reinforcing an ongoing fundamental shift in political currents and capital markets around the globe.

Milliman FRM Risk Matters: An Ounce of Prevention Is Worth a Pound of Cure
by Joe Becker, Adam Schenck, Jeff Greco of Milliman FRM, 11/4/16

The S&P 1500 notched its worst monthly return since January as investors looked ahead to the presidential election and the Fed’s last meeting in 2016.

Milliman FRM Risk Matters: The Fed and the Fate of the Yield Curve.
by Joe Becker, Adam Schenck, Jeff Greco of Milliman FRM, 10/13/16

The S&P 1500 capped its fourth consecutive quarter of positive returns (and its 26th out of the last 30), as volatility reverted back up, closer to historical levels.

Equity Markets Continue Their Streak Even as Fed Hints at 2016 Hike
by Joe Becker, Adam Schenck, Jeff Greco of Milliman FRM, 9/16/16
The S&P 1500 notched its seventh consecutive calendar month of positive returns amidst exceptionally low volatility.

Equity Prices Grind Higher in Spite of Earnings Trending Lower
by Joe Becker, Adam Schenck, Jeff Greco of Milliman FRM, 8/8/16
The S&P 1500 rose by 3.7% in July on the heels of a June that saw a drop in corporate earnings for the fifth consecutive quarter.

Market Response to Brexit Corrects for Overconfidence in Recent Weeks
by Joe Becker, Adam Schenck, Jeff Greco of Milliman FRM, 7/5/16
Leading up to the June 23 referendum vote, markets underestimated the strength and widespread nature of the sentiment held by Britons intent on leaving the EU.

U.S. Equity Markets Churned Higher Amid Mixed Economic Data and Slowdown in Stock Buybacks
by Joe Becker, Adam Schenck, Jeff Greco of Milliman FRM, 6/10/16
Jobs data came in worse than expected while housing data came in better. Year to date through May, the amount of stock buybacks is on pace to be just 55% of the amount in 2015.

Economic Data Underwhelmed in April as Market Valuations Hovered Near 10-Year High
by Joe Becker, Adam Schenck, Jeff Greco of Milliman FRM, 5/9/16
Incoming economic data offered markets little to cheer about in April ahead of the Fed’s third meeting of 2016. The price of oil rose more than 20% while the U.S. dollar edged lower for the third straight month.

Stocks Climbed In March Amid Subtle Signs of Budding Inflation
by Joe Becker, Adam Schenck, Jeff Greco of Milliman FRM, 4/7/16
Global equity markets sprang into action in March, notching a monthly return ranking among the top 10 in the last 10 years. The price of oil finished the month higher as the US dollar continued its descent.

When Helping Hurts: What More Can Monetary Policy Accomplish?
by Joe Becker, Adam Schenck, Jeff Greco of Milliman FRM, 3/8/16
Global markets in February followed a path similar to the one they followed in January: selling off through mid-month, only to recover in the second half. Global rates continued their descent, reflecting increased skepticism over the prospects for global growth.

Investors to Governments: We'll pay you to Hold Our Money
by Joe Becker, Adam Schenck, Jeff Greco of Milliman FRM, 2/5/16
Markets tumbled out of the gate in early 2016 sending investors fleeing to quality. Rates around the globe plummeted in response, pushing some countries’ yield curves further into negative territory.

2016 Marks Worst New Year Start on Record for S&P 500
by Joe Becker, Adam Schenck, Jeff Greco of Milliman FRM, 1/21/16
Economic weakness and market turmoil in China along with the continued decline in the price of crude oil rattled global markets during the first 10 trading days of 2016.

Lackluster Returns Made 2015 a Year Worth Forgetting
by Joe Becker, Adam Schenck, Jeff Greco of Milliman FRM, 1/8/16
After finishing November in marginally positive year-to-date territory, the S&P 500 sold off by nearly 2% in December, finishing the year down 0.73%, its first down year since 2008.

Strong Jobs Data Raises Expectations of Fed Rate Hike
by Joe Becker, Adam Schenck, Jeff Greco of Milliman FRM, 12/10/15
The S&P 500 finished November largely unchanged, but not without oscillation along the way as markets absorbed information of higher-than-expected jobs data and its implications for a December rate hike.

September 2015 Market Commentary
by Joe Becker, Adam Schenck, Jeff Greco of Milliman FRM, 10/5/15
In the second half of Q3, higher volatility was the rule rather than the exception as markets wrestled with the implications of a global economy in flux.

August 2015 Commentary
by Joe Becker of Milliman FRM, 9/2/15
As August wound down and families enjoyed the last few lazy days of summer, financial markets clearly had another idea in mind. After trading in a relatively tight range for most of the summer, the last two weeks of August were marked by volatility, the likes of which haven’t been seen since 2011. We attribute this heightened volatility to the confluence of global macro conditions with technical factors.

Bonds: Can’t Live With Them, but How Do You Live Without Them?
by Joe Becker of Milliman FRM, 6/15/15
For generations of investors, conventional wisdom regarding managing portfolio risk relied on the cardinal rule of diversification. In its simplest form, this meant holding high quality bonds in an attempt to generate income, and offset volatility and drawdowns in the stock market.

Two Sides of Risk Management
by Michael Armitage of Milliman FRM, 6/5/15
Investment returns have always found a natural place in the spotlight. But volatility, and the impact it can have on a portfolio, is only now getting the attention it deserves.

Reducing Inflation Risk During Retirement: The Compelling Case for Stocks
by Joe Becker of Milliman FRM, 5/20/15
In April 2005, (when interest rates were arguably more normal than they’ve been during the low-rate, post-crisis economy, steered by the Federal Reserve) an investor could have purchased a 10-year Treasury bond with a yield to maturity of 4.4%. That represented an attractive boost over the dividend yield of the S&P 500 Index, which at the time was 1.9%.

Are Hedge Funds the Great Diversifier?
by Team of Milliman FRM, 10/10/14
The California Public Employees Retirement System (CalPERS) announced on September 15th that it would divest its entire $4.5 billion hedge fund investment. With a market value of $298 billion, a move by Calpers may be a bellwether for the industry. The decision comes at a time when many pensions are reconsidering hedge fund investments as a risk management tool.

Managed Futures Mutual Funds: A Story of Growth
by Milliman FRM, 7/29/14
The Innovation Spotlight at the Managed Futures Pinnacle Awards, held on June 17th in Chicago, recognized PIMCO and Milliman for their innovative use of futures within funds to manage risk for those nearing or in retirement.

Milliman Managed Risk Strategy-A Closer Look
by Milliman FRM, 4/1/14
The Milliman Managed Risk Strategy is an intelligent institutional quality risk management strategy that seeks to stabilize volatility around a target level, capture growth in up markets and defend against losses during major market declines. The strategy has been in place since 1998, and is used in a variety of funds and investment products in an attempt to help investors weather market turbulence and improve the overall likelihood of meeting retirement income goals.

Milliman Managed Risk Strategy
by Milliman FRM, 3/25/14
With two significant stock market corrections in the past decade and turbulent times facing the world economy, many investment advisors are under a great deal of pressure to bring risk management solutions to their clients. This video focuses on the Milliman Financial Risk Management and its effort in solving the retirement income problem in America.

Even Keel Investments
by Milliman FRM, 3/18/14
We believe a sea-change is taking place in the retirement savings industry. A fresh perspective. One that values a smoother investment experience and a longer portfolio life.

Introduction to Milliman Financial Risk Management
by Milliman FRM, 3/16/14
Investors nearing or in retirement face a slow-growing economy, low yields, and the looming threat of inflation, making it difficult to meet both income and risk management needs. Investing heavily in equities may expose this group of investors to untimely amounts of risk, while allocating to fixed income assets may not adequately fulfill income needs. Today, the risk management techniques used by many of the world's largest financial institutions to weather global market crises can now be accessed by financial advisors and their clients.

The Risk Tolerance Paradox....And What You Can Do About It
by Ken Mungan, Matt Kaufman of Milliman FRM, 12/27/13
The risk tolerance level many investors expect to achieve over the long-term rarely equals the same tolerance investors actually experience over shorter periods. This paper provides a brief introduction to this paradox, explores the main reason we think it exists, and introduces a risk management strategy that seeks to solve the problem.

Creating a Reliable Lifetime Income
by Ken Mungan of Milliman FRM, 12/26/13
With the baby boomer generation rolling into retirement, financial advisors have been faced with increased demand to assist with retirement income planning. As the financial advisory community struggles to address this demand, advisors are realizing that their traditional planning techniques must improve. In this white paper, we analyze the problem of providing a reliable lifetime income. We compare several approaches and demonstrate that risk management is a key element to a successful investor outcome.
Results 51–77 of 77 found.