In creating fixed-income analytic models, Andrew Kalotay Associates draws upon pioneering research published by Dr. Kalotay and his associates over more than three decades. A member of the Fixed Income Analysts Society’s Hall of Fame, Dr. Kalotay’s innovations include the ratchet bond and ratchet mortgage; the Volatility Reduction Measure (for hedge effectiveness testing under FAS 133); and the concepts of refunding efficiency as applied to both corporate and municipal bonds and mortgages. He has authored or co-authored more than 50 journal articles on a wide range of topics. 

Mortgage-Backed Securities and Mortgages

Bond Valuation and Structuring

Debt Management

• Calling and Refunding
• Structured Transactions and Interest Rate Derivatives
• Tax-Driven Transactions
• Accounting and Regulatory Finance

Municipal Finance - For Academics

Municipal Finance - For Practitioners

Wealth Management

Consumer Finance

Innovations

Recent Research