Handbook of Stable Value Investments

Frank J. Fabozzi is editor of the Journal of Portfolio Management and an Adjunct Professor of Finance at Yale University's School of Management. Frank is a Chartered Financial Analyst and Certified Public Accountant. He is on the board of directors of the Guardian Life family of funds and the BlackRock complex of funds. He earned a doctorate of economics from the City University of New York in 1972 and in 1994 received an honorary doctorate of Human Letters from Nova Southeastern University. Frank is a Fellow of the International Center for Finance at Yale University.

• Preface. Contributing Authors. SECTION I: INTRODUCTION. 1. Introduction to the Stable Value Investment Market (J. Caswell and K. Tourville). 2. GIC Indices and Their Risk/Return Behavior (R. Ryan). SECTION II: STABLE VALUE INVESTMENTS. 3. Traditional GICs (B. Haendiges and E. Keener). 4. Separate Account GICs (K. Smith and S. Koeppel). 5. The Evolving History of Insurance Separate Accounts (P. McWeeney, et al.). 6. Managing Synthetic GIC Portfolios (J. Caswell and K. Tourville). 7. Buy and Hold Synthetics (T. Pearse). 8. Managed Synthetics (I. Rudolph-Shabinsky and C. Psome). 9. The Evolution of Stable Value Pooled Funds (K. Hueler and J. Quarberg). SECTION III: STABLE VALUE PORTFOLIO MANAGEMENT. 10. Stable Value Management (S. LeLaurin and J. Guenther). 11. A Plan Sponsor's Perspective on Managing Stable Value Separate Accounts: The DuPont Approach (D. Brown, et al.). SECTION IV: CREDIT ANALYSIS. 12. Evolution in Evaluating Life Insurance Company Credit Quality (A. Richmond). 13. GICs: A Life Insurance Credit Perspective (P. McWeeney). 14. Evaluating Wrap Provider Credit Risk in Synthetic GICs (J. Griffin). SECTION V: UNDERWRITING AND PRICING STABLE VALUE RISKS. 15. Underwriting Stable Value Risks (V. Gallo). 16. Pricing Stable Value Risks (V. Gallo). SECTION VI: LEGAL/REGULATORY CONSIDERATIONS. 17. Legal, Regulatory, and Accounting Issues (J. Mercier, et al.). SECTION VII: CONCLUSION. 18. The Epilogue: The Future of Stable Value Investing (K. Walker). Index.