As pension schemes look to match assets to liabilities more closely, the alternative invesment industry is a hotbed of product offerings heavily influenced by developments in Europe
Liability-driven investment (LDI) is the latest idea designed to answer the question of how best to finance pension funds. It has produced a raft of released and planned pooled products from asset managers and investment banks. Whether LDI is the panacea for pension pots, or just the latest push for product sales, is being hotly debated within a pension industry bombarded by products promising solutions to problems. In the past month, Barclays Global Investors (BGI) and Man Group - each also hedge fund managers, which use derivatives that form LDI's base - have released pooled products us...
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