ThreeBearsBalanced11Feb2018_UseEvenSmaller-Edited
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IACA
[long_equity_returns] [original_papers] [other_papers] [IACA]

This paper was submitted to an International Association of Consulting Actuaries
conference held in Bermuda (1986). The main points covered comprise:

1  .not first time for IACA (Paul Jackson 1984)
2.  eliminate fluctuations from performance analysis
3.  “locked-in return” can be estimated
4.  summary figures for funds sample