What are the main differences that we MUST need to know? I know there are hundreds of them but I believe the MOST important ones are these:
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DC vs DB Plan
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Fixed vs Variable Annuities
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Returns vs Holdings based style analysis
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TWR vs MWR
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Econometric modeling vs leading/lagging indicators vs checklists
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AO vs ALM approach
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MVO vs REF vs BL vs Monte Carlo
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Cash flow immunization vs Single/Multiple Liability Immunization
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Hedge Funds vs Managed Futures
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CM/BH/CPPI strategies
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ETF vs Open end Mutual Funds
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Electronic Crossing Network vs Electronic Communication Networks (Both fall within Order driven markets)
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Different Trading Techniques advantages and disadvantages (LNCAL: Liquidity at any cost, Need Trustworthy Agent, Costs are not important, Advertise to draw liquidity and Low cost whatever the liquidity)
If anyone wants to add some more bullet points that I have missed, it would be great.