PSNC 2012 Day 2 - Liability Driven Investing
For years, defined benefit plan sponsors and their advisers have acknowledged the wisdom of managing plan assets with an eye on the payment stream they needed to support. Still, for many, it has never really seemed to be a "good" time to make a shift away from a focus on alpha. Is this the time for your plan to make a switch? Are you (finally) ready for LDI?