Thinking Inside the Risky Bucket
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Transcript of Thinking Inside the Risky Bucket
© STRATEGIC ASSET ALLIANCE, INC. Document not to be reproduced without the explicit consent of SAA.
Thinking Inside the Risky Bucket
March 19th, 2015
Mr. Alton Cogert, CFA, CPA, CAIA, CGMA
- President and Chief Executive Officer
Mr. Daniel G. Smereck
- Managing Director
Where are my peers taking risks?
What should be considered?
How to determine risk appetite?
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Thinking Inside the Risky Bucket
8
Risk Assets/Surplus
Source: Strategic Asset Alliance, SNL
*Risk assets include High Yield, Common Stock, Preferred Stock, & Schedule Ba
15
Risk Assets/Surplus - Life
Source: Strategic Asset Alliance, SNL
*Risk assets include High Yield, Common Stock, Preferred Stock, & Schedule Ba
22
Risk Assets/Surplus
Source: Strategic Asset Alliance, SNL
*Risk assets include High Yield, Common Stock, Preferred Stock, & Schedule Ba
SAA Governmental Pooling Clients
o 15 Clients (12 Primary / 3 Reinsurers)
o 25 Portfolios
o $2.6B In Assets
$2.2B Core Fixed Income (85%)
$0.4B Risk Assets (15%)
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Peer Analysis Overview
© STRATEGIC ASSET ALLIANCE, INC. Document not to be reproduced without the explicit consent of SAA.
Asset classes not noted in Q3 US/Canada Searches that we have seen:
o Bank Loans
o Commercial Mortgage Loans
o High Grade High Yield Bonds
o Private Placements
Also seen, as in Q3 US/Canada Searches:
o Dividend Equity
o Emerging Market Equities
o Various Style Box Equities – US and Non-US – ETFs/Index Funds
What SAA has seen…
© STRATEGIC ASSET ALLIANCE, INC. Document not to be reproduced without the explicit consent of SAA.
Unconstrained Bond Strategies
Varied ETF Strategies
‘Smart’ Beta Strategies
‘New and Improved’ Structured Securities
Other
But there will be more to consider, including…