Understanding LDI
Selling LDI 'products' can be misleading, warns Peter Knez. Managing liabilities and assets is much more complicated than these 'solutions' suggest
Investment managers are rushing to bring liability-driven investing (LDI) 'products' to market, but do all the investment managers currently pitching LDI have the skill, understanding and breadth necessary to best advise their clients? There is general agreement that there are serious challenges faced by corporate and public defined benefit plans in the management of their pension assets and liabilities. But LDI is not a panacea; rather, it's a framework through which to develop more effective
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