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A new paradigm in pension plan investing, known as "liability-driven investing", is rapidly emerging in the U.S., spurred by regulatory, business and market developments that are reducing the attractiveness of the traditional, asset-driven investment approach.
What is liability-driven investing? At its most basic level, a liability-driven approach shifts the pension plan's investment strategy away from maximizing asset returns and toward minimizing risks. But beyond that basic framework, liability-driven investing becomes more complex--no two plans are alike and custom solutions are often required.
The articles and papers archived below present PIMCO's research on the complexities of liability-driven investing and the issues pension plans face in today's environment, as well as our approach to creating custom liability-driven investment solutions for our clients.
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