Liability-Driven Investing
In-depth reporting on Liability-Driven Investing strategies for our pension fund and asset management readers from IPE’s award-winning journalists.
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NewsDNB reassures Dutch funds on interest rate hedging impact
Dutch pension sector is worried that government bond trades upon switching to defined contribution arrangements could squeeze liquidity and move markets
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NewsSchroders ramps up activity in fast-evolving German buyout space
Firm says it recognised the growth opportunity in the German market early on
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NewsDutch pension funds continue to increase interest rate hedges
The increases in hedging ratios come as the moment pension funds will convert DB accruals to DC capital is edging closer
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NewsState Street and Van Lanschot Kempen form ETF, client solutions partnership
The two firms will explore opportunities to combine Van Lanschot Kempen’s active management capabilities with State Street IM’s ETF platform
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Country ReportThe long goodbye to liability-driven investing
Pension funds will have to make decisions about the timing of their transition to the new pension system, as well as about member risk tolerances and the best new asset allocation frameworks
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Opinion PiecesThree years on from the LDI crisis, has the UK pension industry learned its lesson?
This issue of IPE goes to press almost exactly three years after the UK pension industry was thrown into disarray by what many remember as the ‘LDI crisis’. On 23 September 2022, then British chancellor Kwasi Kwarteng announced sweeping tax cuts that prompted a frenzied sell-off ...
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NewsSiemens Fonds Invest opens platform to manage external pension assets
The firm aims to grow its business with institutional investors by leveraging its know-how in private equity
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AnalysisIPE DACH Briefing: DC plans gain momentum in Germany
GEW, an education trade union, decided to join existing social partner models to DC pension plans for employees in private schools and universities
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NewsLufthansa lands LDI strategy to €9.14bn portfolio as it builds on bonds allocation
Fixed income allocations rose to 49.7% at the end of 2024 from 37.6%, while equity allocations fell over the same period from 34.5% to 24.7%
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NewsDutch pension funds should slash government bonds, says BlackRock
The risk-return profile is not attractive compared to other fixed income categories, according to the asset manager
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InterviewsE.ON: All charged up to build resilient investment portfolios
Stefan Brenk, head of asset management and pension finance at E.ON, tells Luigi Serenelli about the German utility’s approach to managing its pension assets
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NewsBoE launches repo facility to help tackle severe Gilt market dysfunction
The CNRF will lend to participating insurance companies, pension schemes and LDI funds to help maintain financial stability
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NewsUK investment industry rules out LDI Crisis 2.0 as bond yields soar
UK 10-year Gilt yield rose to 4.93% today following increased borrowing costs from government
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AnalysisDutch DC frontrunners reform their interest rate hedges
In DC, pension funds will only hedge interest rate risk for older participants
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NewsPension funds should not be treated as NBFIs, PensionsEurope tells EC
Industry association responds to consultation that will inform policy planning in the Commission’s new political mandate
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InterviewsHow pension funds manage derivatives and liquidity needs
The use of derivatives, for hedging and other purposes, is common among pension funds, but it can be a drain on liquidity. We asked three pension funds how they ensure adequate levels of liquidity when interest rates are volatile
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NewsTPT Investment Management launches LDI solution for DB schemes
Solution is designed to enable schemes to implement robust long-term funding strategies focused on their endgame objectives
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Opinion PiecesCan UK DC pension schemes plug the venture capital funding gap?
Europe is becoming an exciting place for tech start-ups, but they are receiving little support from European pension funds, which have eschewed venture capital since the bursting of the dotcom bubble in the late 1990s.
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NewsIreland’s Pensions Authority launches trustee guidance on liquidity risk
The Authority’s guide highlights LDI, leveraged LDI, sale and repurchase agreements, swaps, currency hedging and inflation hedging as strategies to look out for
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NewsCBI, CSSF finalise yield buffer rules for sterling LDI funds
Measures complement guidance issued by UK regulators in wake of UK LDI crisis
