Andrew Kalotay Associates, Inc. is a leading authority on corporate and municipal debt management and a provider of high precision, high speed fixed income analytics. AKA's clients include major corporations, agencies, municipalities, sovereigns, investment banks, and financial technology firms.
Andrew Kalotay PhD is a member of the Fixed Income Analyst Society's
"Hall of Fame."
Andrew Kalotay PhD is a charter member of the Risk "Who's Who."
Andrew Kalotay is the inventor of the ratchet mortgage.
BondOASTM prices 120,000 callable bonds and 600,000 bullets per minute.
TIPSValTM now offers extensive coverage of global inflation-indexed debt.
AKA provides the intra-day repricing engine for municipal bond ETFs.
AKA is involved in a collaborative effort to increase transparency in the municipal bond market.
NEWS AND HEADLINES
March 2008
Andrew Kalotay was a presenter at the Society of Actuaries Investment Symposium-Financial Opportunities in a Changing World in New York.
February 2008
AKA selected by the Government of Canada to develop a yield curve model.
...Part of the team advising Dormitory Authority of the State of New York (DASNY), one of largest municipal bond issuers in the US.
Deane Yang is quoted in Bloomberg: Hidden Swap Fees by JPMorgan, Morgan Stanley Hit School Boards
January 2008
Andrew Kalotay is quoted in Boston.com: Job Followed Fast-Track State Bond Deal
December 2007
Andrew Kalotay is quoted in The Bond Buyer: Intraday Bond Pricing for ETFs and Beyond
MOST-VIEWED ARTICLES
Mortgage Servicing Rights and Interest Rate Volatility
Working paper
The True Cost of No-Cost Mortgages
Mortgage Risk (October 2007)
An Option-Theoretic Prepayment Model for Mortgages and Mortgage-Backed Securities
International Journal of Theoretical and Applied Finance (December 2004)
A Model for Valuing Bonds and Embedded Options
Financial Analyst Journal (May/June 1993)
UPCOMING & RECENT APPEARANCES
GFOA Conference
June 15 2008, Ft. Lauderdale, FL
"Callable vs. Non-callable Bonds"
Society of Actuaries Investment Symposium
March 25 2008, New York, NY
"Measuring Risk: Realities and Illusions and Worse"
BlackRock BRS Financial Seminar Series (By Invitation only)
March 14 2008, New York, NY
"How Volatility Affects the Value of Mortgage Servicing Rights"
Office of Federal Housing Enterprise Oversight (OFHEO)
January 30 2008, Washington, DC
"How Volatility Affects the Value of Mortgage Servicing Rights"