Liability Driven Investing
Is Now the Time to Extend to Long Duration Strategies?
Gary Knapp, Head of Liability-Driven Investment Strategies, and Michael J. Collins, Senior Investment Officer and Credit Strategist, Prudential Fixed Income, November 2012
Many pension plans are considering longer duration strategies to reduce the mismatch between their plan’s assets and its liabilities. For many plan sponsors, we believe simply extending the duration of their existing fixed income allocation from intermediate-term to longer-term could be a move in the right direction.
Letting Liabilities Drive
Gary Knapp, Head of Liability-Driven Investment Strategies, Prudential Fixed Income, September 2011
The third paper in our Liability-Driven Investing series explores the pitfalls of some traditional valuation approaches and what methods plan sponsors can choose to reduce risks and incent their asset managers.
The Unhedgeables
Gary Knapp, Head of Liability-Driven Investment Strategies, Prudential Fixed Income, June 2011
While plan sponsors cannot fully hedge their funded status with high quality corporate bonds, they can get much closer than they are today. Gain a better understanding of what cannot be fully hedged and how that can ultimately lead to a better solution for the plan.