Constructing a Liability Hedging Portfolio: A Guide to Best Practices for US Pension Plans
The construction and calibration of a liability hedging portfolio is integral to effective pension portfolio risk management, and this report delineates key considerations and best practices for the liability hedge allocation.
May 2014
Pension De-Risking in a Low-Rate Environment—A Better Solution
Defined benefit pension plans face ample challenges in the current environment of extremely low interest rates. Most agree that low yields have caused liability-hedging assets (longer-duration fixed income) to become overvalued when evaluated in isolation.
April 2013
Pension Risk Management
Asset management and investment banking firms across the globe continue to develop a variety of liability driven investing (LDI)–focused products and solutions for the pension plan community; however, there remains broad confusion over the meaning of LDI.
February 2011
Connect with the Pension Practice
Dan Desmarais
Managing Director, Pension Practice