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September 23, 2021

TIPS (Treasury Inflation Protected Securities) – Primer

Originally published on September 21, 2021. Revised on October 19, 2021. Uncertainty regarding the future cost of goods and services can create challenges for investors. Inflation can materially impact the real value of inflows for investors’ portfolios. Treasury Inflation Protected Securities (“TIPS”) are specifically designed to address this uncertainty by...

January 13, 2021

Liability Driven Investing – Primer

Synopsis The primary measure of the health of a pension plan is its funded status, which is the difference between the market value of the assets and the present value of the liability. As such, many plans measure and monitor risk in terms of the volatility of the plan’s funded...

August 16, 2019

Completion Portfolio Management – Primer

Many corporate pension plans have already taken several de-risking steps, including extending the duration of their fixed income, reducing the allocation to return-seeking assets, offering term-vested lump sum payouts, etc. As plan sponsors approach the end of their de-risking glidepath and begin to think about the structure of their end-state/hibernation...