From this author
Midyear LDI Outlook: Uncertainty and Pension Investing
by David Phillips, Director, Liability-Driven Investment Strategies
August 4, 2022
We began the year in an uncertain market environment, and it’s just as uncertain now. For LDI investors, we continue to see reasons for optimism.
2022 LDI Outlook: How Might 2022 Affect Pension Investment Decisions?
by David Phillips, Director, Liability-Driven Investment Strategies
March 4, 2022
Explore what 2022 might hold in store for pensions and their sponsors.
LDI: What Do Current and Forward Curves Say About Future Yields?
by David Phillips, Director, Liability-Driven Investment Strategies
November 4, 2021
Learn how to better evaluate current and forward interest rates.
Why Has My Pension Funding Improved (and Why Hasn’t It Done Better)?
by David Phillips, Director, Liability-Driven Investment Strategies
May 24, 2021
How can corporate pension plans make the most of the strong start to 2021? There are three key factors to consider.
2021 LDI Outlook: Hedge Liabilities Against Heightened Market Sensitivity
by Andrew Subkoviak, Senior Investment Strategist; David Phillips, Director, Liability-Driven Investment Strategies
January 25, 2021
It’s not unusual for pension plans to have a sizable mismatch to interest rates and credit spreads. How much might that mismatch hurt in 2021?
Corporate Plan Sponsors Can Reduce Treasury Rate Risk with Completion Overlays
by David Phillips, Director, Liability-Driven Investment Strategies; Richard Fong, Director, Investment Strategy
August 18, 2020
Credit risk remains an important consideration for defined-benefit plans—but Treasury rate exposure may be a bigger concern.
Defining Two Varieties of Volatility in Corporate Pension Plans
by David Phillips, Director, Liability-Driven Investment Strategies
June 29, 2020
Some institutional investors may think surplus volatility and funded ratio volatility are the same thing. We take a deeper dive.
How Low Interest Rates Are Changing Liability-Driven Investing
by David Phillips, Director, Liability-Driven Investment Strategies
March 9, 2020
Increased interest rate sensitivity can spell trouble for unhedged pension assets. Find out what this means for liability-driven investing.