Episode 301: Derivatives Applications in Investment Management

In this episode of the InsuranceAUM.com Podcast, host Stewart Foley, CFA, is joined by Kamesh Chilukuri, Managing Director and Head of Derivatives at Symetra Investment Management, for a deep dive into the practical applications of derivatives in insurance investing. With experience that spans from Monte Carlo simulations at MIT to leading derivatives strategy at a major insurer, Kamesh brings a unique perspective on how these instruments can enhance portfolio construction and efficiency.

 

The discussion spans both linear and nonlinear derivatives, their relevance to products like fixed and indexed annuities, and how insurers can use them to transform cash flows, hedge risk, and access markets more efficiently. Kamesh also offers insight into operational considerations, regulatory frameworks, and how derivatives can support relative value analysis across asset classes. Whether you're new to derivatives or looking to scale your strategy, this episode offers valuable guidance tailored to the insurance investment community.