Retirement Plan Perspectives: The Mechanics of Hedging Long Duration Liabilities
March 14, 2017 — The primary goal of liability-driven investing (LDI) is to hedge liability cash flows. On the surface, achieving that goal is relatively simple: analyze the projected cash flows and build a portfolio of bonds to provide the funds needed at the time they are needed.
Retirement Plan Perspectives Video
In this segment, Anthony Parish, discusses limitations that investors face when they use cash bonds to hedge liabilities, and a solution using a futures-overlay strategy.
Your Pension Might Not Be As Well Funded As You Think
Is your pension plan as well funded as you think? In this piece, we address this simple question by discussing how different valuation methodologies can impact plan health.
ALM and LDI Investing January 2016
Dedicated to the analysis of complex client situations and development of customized investment solutions for defined benefit plans (and other post-retirement benefit plans).