U.S. DOL Greenlights Liability-Driven Investing as Possible Solution
With so many companies in the red when it comes to defined benefit plans, a green light from the U.S. Department of Labor to consider liabilities when making investing decisions is a big deal.
That's why over one hundred pension fiduciaries have signed up for a Financial Research Associates, LLC conference about liability-driven investing. Chaired by Dr. Susan M. Mangiero, CFA and Accredited Investment Fiduciary Analyst, the event promises to be timely and informative. Following the conference is a workshop entitled "Derivatives in an LDI Framework".
Led by Dr. Mangiero, founder of Pension Governance, LLC and Managing Member with BVA, LLC and Mr. Gavin Watson, Business Manager with the RiskMetrics Group, workshop attendees will hear about the following topics.
1. Identifying Liability-Driven Objectives and Alternative Solutions
2. Derivative Instrument Strategies
3. Modeling and Valuation Issues
Despite the many challenges of managing pension risk, fiduciaries now have some concrete solution possibilities to consider.
Editor's Note:
I'll return in a few days with much more (!) to say about LDI.
