Liability-driven investing

We partner with plan sponsors at all stages of the LDI process, tapping the full breadth of Wellington’s research, multi-asset, actuarial and credit analysis capabilities.

Greater than the sum of its parts: What we believe is different about our LDI team

Our dedicated, cross-functional team brings together everything Wellington has to offer in an effort to add value at each decision point in your plan’s life cycle:

  • LDI research that’s innovative and implementable
  • Multi-asset skill for a holistic perspective across your plan
  • Actuarial experts who actually invest
  • Rigorous credit analysis that benefits from equity investor perspectives and company access

Our firm’s broad investment platform and collaborative culture allow us to draw on the experience and skill of more than 700 investment professionals and a full spectrum of investments for liability-matching and return-seeking allocations. Our investors are backed by best-in-class firm resources, including specialised trading desks and risk-management teams and technology.

How do we work with you?

1. Custom research and consultation

Liability cash-flow analysis

Asset/liability studies

Glidepath construction

2. Investments for a broad range of objectives

Liability matching

Long-duration

  • Long credit/corporate
  • Long government/corporate
  • STRIPS

Absolute return plus long bonds

Return-seeking "bridge" strategies

Listed infrastructure

Low-volatility equity

Opportunistic fixed income

Multisector credit

Return seeking

Active equity

  • US
  • Global
  • Emerging market

Absolute return strategies

3. LDI portfolio construction

Custom LDI benchmarks

Completion management

Cash bond portfolios with derivative overlays

Cash-flow driven investment (CDI)

Dynamic pension management

Meet our LDI team co-chairs and long bond managers

Amy Trainor
Amy Trainor

Amy Trainor, FSA

LDI Team Co-Chair, Multi-Asset Strategist & Portfolio Manager

Amy helps corporate pension sponsors set strategic asset allocation policy. She also manages customised multi-asset portfolios, including glidepath approaches. She partners with the Fixed Income team to implement LDI solutions.

  • 25 years of professional experience, including roles at Hewitt Associates (Aon Hewitt) and Towers Perrin (Willis Towers Watson)
  • Wellesley College, BA in economics and mathematics
  • Fellow of the Society of Actuaries (FSA)
  • Chair of Wellington’s Retirement Benefit Plans Oversight Committee and a member of the Corporate Governance Committee
Bill Cole
Bill Cole

Bill Cole, CFA, CAIA

LDI Team Co-Chair, Fixed Income Investment Director

Bill works closely with LDI portfolio managers, fixed income quantitative strategists and global multi-asset strategy teams to design LDI solutions for corporate plan sponsors. Additionally, he provides portfolio and risk oversight to help ensure the integrity of our investment-grade credit and long-duration approaches.

  • 13 years of professional experience
  • Drexel University, MBA; College of the Holy Cross, BA in economics and Asian studies
  • Chartered Financial Analyst and Chartered Alternative Investment Analyst
Scott St. John
Scott St. John

Scott St. John, CFA

Portfolio Manager, Long-Duration Fixed Income

Scott manages dedicated US corporate bond portfolios and is a member of our LDI team. He chairs the US Corporate Bond Strategy Group, which helps shape portfolio positioning for corporate bond holdings.

  • 25 years of professional experience
  • University of Rochester, MBA
  • Chartered Financial Analyst
Joe Marvan
Joe Marvan

Joe Marvan, CFA

Portfolio Manager, Long-Duration Fixed Income

Joe is a fixed income portfolio manager and serves as chair of the US Broad Market Team. As chair, he is responsible for setting aggregate risk levels and investment strategy in long-duration bond portfolios.

  • 30 years of professional experience
  • Babson College, MBA
  • Chartered Financial Analyst

contact us

Email Amy Morse, Director of Pension Strategies, at [email protected]

As of 30 June 2018. This is for illustrative purposes only and is not an investment recommendation. This is not an all-inclusive list of approaches that may fit the stated theme. Investing involves risk, and an investment in an approach could lose money.

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