Liability-Driven Investing – Page 6
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News
UK schemes failing to plan for cashflow negative future: survey
Majority of UK funds sell assets to meet payments rather than planning income
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Special Report
Turning point for LDI
The prolonged low-interest-rate environment is prompting debate about the future of LDI
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Special Report
UK's Pension Protection Fund: A smooth transition
Trevor Welsh, the UK’s Pension Protection Fund’s head of liability-driven investment, discusses how it manages interest rate and inflation risk
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Special Report
Future of LDI: The clearing dilemma
The exemption for pension funds from central clearing of derivatives under the European Market Infrastructure Regulation (EMIR) has been extended. But LDI continues to face tough questions
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News
FRR invites bids for ‘new generation’ cash flow matching mandates
New mandates to replace those put in place for LDI strategy after 2010 pensions reform
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News
European authorities allow leeway on new derivatives rules
Decision taken as pension funds and other institutions struggle to meet 1 March deadline
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NewsPension fund hedging rises to highest level in a decade
UK pension funds taking more and more liability risk off the table, research indicates
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News
Joseph Mariathasan: Trump, LDI and defaulting government debt
Are sovereign-debt defaults are a natural conclusion to our current path, Joseph Mariathasan asks
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NewsDon't drag feet on hedging, pension funds warned
Investment-bank dealing desks expect more Gilt issuance in Autumn Statement
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Special Report
The Netherlands: Managing, not matching
Dutch schemes have switched to dynamic liability-driven investment strategies. But in the current economic environment portfolios are unlikely to shift, Leen Preesman finds
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Special Report
Innovation: The ‘missing link’ in a new world
In the new world of interest rate derivatives, asset managers need to engage in product innovation and technological change, argue David Bullen and Gavin Dixon
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Special Report
Infrastructure Debt: A niche strategy
There are many reasons why infrastructure debt should feature in LDI strategies for UK pension funds. But do not expect a huge growth in allocations, says Joseph Mariathasan
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Special Report
The changing world of risk
Uncertain times on the horizon call for an adaptive toolkit in liability-driven investment, argues Paras Shah and Rik Merkx
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Special Report
Special Report: Liability-Driven Investment - Time to review LDI approaches
Regulation is challenging traditional LDI strategies. Schemes should take a closer look at how their interest rate and inflation risk is being managed.. Carlo Svaluto Moreolo reports
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NewsUK pension fund hedging activity 'significant' in Q4 – LDI survey
BMO Global AM survey shows interest rate hedging at second highest since 2009
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News
IPE Views: Why are error margins ignored in LDI?
The importance of knowing the errors in any measurement is not just critical for the pilots of low-flying planes, Joseph Mariathasan warns
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News
Dutch cabinet to propose continued accrual in DC schemes
Variants focusing on both collective risk sharing and individual risk to be developed
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Special Report
Liability-Driven Investment: Let's get physical
Are low risk-free rates, a greater willingness to take credit and illiquidity risk in matching portfolios and regulatory changes encouraging investors to turn their backs on derivatives and embrace cash-market assets?
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Special Report
Liability-Driven Investment: Mind the gap
Market conditions over the past six years have increased the necessity of managing bond-swap spread risk in LDI strategies.
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Special Report
Liability-Driven Investment: Caught short
Pension funds recognise that they are exposed to movements in long-term interest rates when they enter into swap contracts – that is the point of the hedge. But Emma Cusworth draws attention to the importance of volatility in the short-dated floating leg too
