Custom benchmark based upon client's liability profile
Long Duration Fixed Income
The Liability-Driven Investment ("LDI") strategy is designed to fulfill the hedging requirements of a client's LDI approach. The team develops custom portfolios that seek to closely match the liability details provided by the client for the purpose of achieving the desired degree of risk reduction. Portfolios are created by combining market indices, swaps, or collective vehicles which provides clients with better customized solutions than those offered by broad market benchmarks. Periodic review of the client's liability profile and objectives can lead to strategic enhancements, and portfolios are adjusted accordingly.
Michael Bray, CFA, Co-Head of Taxable Fixed Income, Senior Portfolio Manager