LDI for Public Defined Benefit Plans: Split the Risk to Meet Objectives
July 19, 2018 — The rules governing public DB plans make the application of asset/liability management uniquely different from their corporate DB siblings. In this piece we explore an investment approach that balances the key plan objectives of 1) meeting near-term benefit obligations and 2) growing plan assets at the estimated return on assets.
Now is the Time for Defined Benefit Plans to Reassess Risk
In this piece, we explore the return of market volatility and the potential impact of market movements on a typical corporate DB plan.
Cash Management Landscape: Rates and Reform Lead to a Sea Change
In this piece, we explore the cash management landscape and why custom cash management is more attractive than it has been in years.
Fixed Income Perspectives June 2018
Given the maturity of the economic cycle and the Fed hinting that they’re close to a “neutral” goal on Fed funds, we see the current cycle as close to the finish line...