Liability-driven investing
Innovative LDI solutions and the ability to partner with plan sponsors at ALL stages of plan design and implementation
OUR EDGE IN LDI
- Fixed income expertise in rates, credit, securitized, and derivative markets
- Deep fundamental credit research enhanced by equity investor perspectives
- Specialist trading resources to help support liquidity needs
- Actuaries who translate liability cash flows into practical investment ideas
- Experience managing full pension solutions and implementing glidepath approaches
FEATURED RESEARCH AND IMPLEMENTATION IDEAS
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HOW DO WE WORK WITH YOU?
We partner with plan sponsors at all stages of the LDI process, tapping the full breadth of Wellington’s capabilities.
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
Cash balance
Return-seeking: Bridge
Listed infrastructure
Low-volatility equity
Opportunistic fixed income
Multisector credit
Return seeking: Core
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
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.
MEET OUR LDI TEAM CO-CHAIRS AND LONG BOND MANAGERS
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, 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, 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, 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
Allan Levin, CFA, FRM, FSA
Portfolio Manager, Long-Duration Fixed Income
Allan focuses primarily on inflation-linked and interest-rate markets, and is a member of our LDI Team. He develops macro, relative value, and systematic investment strategies that he implements in dedicated US Treasury and STRIPS portfolios in addition to multisector portfolios.
- 23 yrs of prof exp
- Columbia University, MBA
- Chartered Financial Analyst
LET’S TALK LDI
To learn more about our LDI capabilities and offerings please contact us.
Amy Morse
Director, Pension Strategies
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