Asset Managers' LDI Growth Pushes Custom Solutions, Front-End Upgrades
Tim Bourgaize Murray chats with Manulife's Eric Menzer about the asset management industry's growing presence in liability-driven investment, and the tech direction his firm has headed as a result.
Liability-driven investment (LDI) is nothing new, but its popularity is growing.
Defined-benefit plans and other institutional investors have long been familiar with the tenets of LDI, which generally seek to achieve fully-funded status (or approach it) and deploy more complex financial instruments to hedge against overexposure to equities markets, foregoing short-term gains for long-term stability. Waters examined pension plans' usage of the strategy earlier this year.
The process of developing
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