Posts Tagged ‘LDI’
The Power of the PENsion: LDI in 2023 – Batten Down the Hatches
As we look back on the economic volatility of 2022 and face a possible recession in 2023, pension plan sponsors could be unnerved. Consider where we find ourselves at the close of 2022: Add to these dreary measures: It’s been a difficult year, and we’ve few reasons to expect smooth sailing in 2023. But the…
Read MoreGilt Trip: What Plan Sponsors Can Learn from the U.K. Pension Fund Crisis
Pension plan sponsors across the United Kingdom endured a harrowing week in late September as an unexpected spike in long gilt (or U.K. government bond) yields exposed their levered hedging programs to the brink of insolvency. Some sponsors went to bed feeling secure about their diversified plans (with seemingly prudent hedges) and woke the next…
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