Updated March 9, 2021 9:42 p.m. EST
By Joe Giglio, WRALSportsFan
Practice makes perfect but not a perfect bracket.
Since it has been almost two years since I’ve attempted to pick a “perfect” NCAA tournament bracket, let’s warmup with picking every game in the ACC tournament bracket.
Apologies in advance to Florida State.
First round
No. 12 Pittsburgh vs. No. 13 Miami: Jim Larranaga’s 7-2 in Miami’s opening games in the ACC tournament. Pitt is missing two of its best players and, quite frankly, is ready for the year to be over.
Pick: Miami
No. 10 Duke vs. No. 15 Boston College: Duke looked awful at Carolina on Saturday. Part of me thinks the Devils are “done done.” But there’s another part that believes a team always plays better after getting squashed. Plus, a shorthanded BC team already played its “Super Bowl” with a home win over Notre Dame last week:
Risk.net
Insurance quants increase risk-adjusted profits using novel hedging technique
But there is no standard way for insurance companies to hedge the risk of variable annuity contracts.
Two industry practitioners have put forward a new hedging method using protective put options. They estimate that the technique can improve risk-adjusted profits for insurers’ variable annuity portfolios by 60%.
The improvement comes from two sources: more efficient use of options as a hedging tool, and a reduction in the capital charges for insurers.
The approach is based on the assumption that a variable annuity can technically be seen as an option on the future value of the premiums. “The liabilities can be modelled as long-dated options and we use short-dated put options to hedge them. And we are framing how to calculate that hedge and optimise capital requirements,” explains Vivek Shah, who oversees investment and hedging solutions at Prudential plc in London. Shah co-authored the r
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