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Pension buyouts expected to surge — but not yet
truePension buyouts have been in a lull so far in 2013, but insurers and consultants expect a rush by corporate defined benefit plans in the next several years.
Asset owners, managers are sort of ready for new swaps rules
trueInstitutional investors and money managers say they are ready — more or less — for regulations on over-the-counter derivatives that become effective Sept. 9.
LGIMA adds 3 positions
trueLegal & General Investment Management America hired two portfolio managers and a client specialist, confirmed Kim Lisella, senior client portfolio manager and assistant head of distribution.
Rising interest rates improve pension funding, but create new problems
trueCorporate pension plans with liability-driven investing strategies have finally begun to see the light at the end of the tunnel: soaring funding ratios.
Pension plans demand long duration bonds
trueThe funded status spike for corporate pension plans the last three months has many plans looking for longer duration bonds to match liabilities and lock in funding improvements.
Barclays U.S. Aggregate on pace for one of its worst quarters on record
trueThe bloodbath that has taken place in the bond market since the beginning of May will make the second quarter of 2013 one of the worst in recent history for fixed-income investors. Through June 27, the Barclays U.S. index is down 2.43% for the quarter, making it the eighth-worst since the index's ...
Barclays U.S. Aggregate suffers worst monthly loss since financial crisis
trueThe Barclays U.S. Aggregate index fell 1.78% in May - its biggest drop since October 2008, when the index lost 2.36% as the U.S. credit crisis was beginning to unfold. The yield on 10-year U.S. Treasuries rose 46 basis points in May on uncertainty about the Federal Reserve slowing its purchases of ...
Managers finding healthy gains in ETFs, LDI assets
trueData from the latest Pensions & Investments money manager survey show healthy double-digit percentage gains in assets managed in sponsored exchange-traded funds and liability-driven investment strategies, and a more than 50% jump in assets managed for sovereign wealth fund assets.
As markets and bond yields rise, more DB plans eye LDI
true2013 could be the year that more U.S. corporate defined benefit plans kick in their liability-driven investing strategies if equity markets and bond yields continue to improve, according to an analysis of pension data by Goldman Sachs Asset Management.
Cambridge: DB derisking glidepaths 'too mechanistic'; plans should target risk levels
trueDefined benefit pension plans using a derisking glidepath should move to a more holistic approach that maximizes returns at each targeted level of risk, according to a new paper from Cambridge Associates.
Public funds should take good look at liability matching
trueTwo very good recent books about pension finance, “State and Local Pensions” by Alicia Munnell and “Pension Finance” by Barton Waring, touch on the many daunting challenges faced by public pension systems.
Kraft DB plan shifts to 80% fixed income in LDI move
trueKraft Foods Group Inc., Northfield, Ill., is adopting a liability-driven investing strategy, moving to an 80% fixed-income allocation for its $5.46 billion in U.S. defined benefit assets.
Kraft Foods Group plans shift to LDI
trueKraft Foods Group Inc. plans to begin a new liability-driven investment strategy in 2013 to reduce volatility for its $5.5 billion in U.S. defined benefit plan assets, according to the company's latest 10-K filing.
Different yardsticks required to measure LDI's success
trueIt's one thing to do liability-driven investing. It's another thing to measure its success.
LDI bandwagon rolling on
trueMore than a quarter of the country's largest pension funds are using a liability-driven investing strategy, according to data collected by Pensions & Investments.