No Ordinary Collision

Reading Time: 2 minutes Your 10-Minute Guide to the Future of Asset Management. Download the full paper here >> no-ordinary-collision-v6-singlepage-HR It’s always easy to ignore or dismiss forecasts of the way the future may change our industry. Some might seem too obvious, some too far-fetched. We all exist in a daily whirlwind addressing the challenges of volatile markets and demanding … More No Ordinary Collision

Pension Funding Levels Plunge in January 2016

Reading Time: 2 minutes The first 2016 update of the PPF index (of UK defined benefit pension funds) is just out, and it wasn’t pretty Falling long-dated interest rates over the month (the 30 year gilt rate fell by 0.3% to 2.3%) caused the present value of the liabilities to increase by some 6%, while the assets were virtually unchanged (presumably … More Pension Funding Levels Plunge in January 2016

Volatility & LDI – 2015’s Most Popular 

Reading Time: 3 minutes Over the course of 2015 I had over 6,500 views of my blog posts (across the WordPress and LinkedIn platforms, an average of around 18 per day) – hardly viral I grant you but something I’m quite pleased with, given the admittedly relatively niche content! Overall in three years of blogging I’ve now received around … More Volatility & LDI – 2015’s Most Popular 

LDI (again!)

Reading Time: < 1 minute I’ve been talking a lot about LDI recently, for example see here and here, and these posts are popular- being among my most viewed this year! No particular catalyst for this I don’t think but it is interesting to look back and chart the expansion of what has become a significant part of the industry … More LDI (again!)

The Future of LDI

Reading Time: 4 minutes The first 12 years of Liability Driven Investing (“LDI”) in the UK have seen remarkable growth in number of mandates (from a handful to over 1,000) and in liabilities hedged (from <1£bn to over £650bn). Overall, as I covered in a previous post I think it’s fair to say from a neutral standpoint that the … More The Future of LDI

LDI – the First 12 Years

Reading Time: 2 minutes I was fortunate enough to present at the Professional Pensions conference The Future of Pensions Consulting on 3 November 2015, which was an engaging day which ranged over a really interesting array of topics, from employee engagement in DC to the possible outcomes of an EU referendum. I’ll spoke about LDI, which is an issue very close to my … More LDI – the First 12 Years