Q2 2025 repo update
How geopolitical shifts and policies are shaping market dynamics.
LDI differentiator: using a Reorganisation Fund
This mini-series of short articles shines a light on often under-discussed but important factors to think about when structuring your LDI investments. In this paper we will discuss disinvestments.
LDI differentiator: the benefits of an integrated solution with credit
In this article we are shifting our
focus to discuss the benefits of an integrated solution of holding
investment grade credit with the LDI manager.
LDI market review and outlook – May 2025, tariff worries burden expectations for global growth
The 47th (and 45th) President of the United States embarked upon a whirlwind of executive orders designed to protect the US from the depredations of its trading partners and to dive straight into his newly mandated agenda.
LDI differentiator: the implementation manager role
Why an implementation manager can help simplify the governance structure for pension schemes, whilst potentially improving investment outcomes and reducing trustee risk.
LDI differentiator: the holding of third-party funds
Why pension schemes need to consider this under-discussed – and important – factor when structuring their LDI portfolio frameworks.
LDI market review and outlook – February 2025, political risks clash with bond vigilantism
Activity was muted as political and monetary policy weighted on markets.
Q4 2024 repo update
With political risk/geopolitics to the fore we assess the impact on repo markets and activity.
Making sense of corporate bond spreads
When it comes to credit allocations we argue it makes sense for pension schemes to prioritise strategic objectives over tactical considerations
LDI market review and outlook: The aftermath of an eventful election season
Geopolitical considerations and fluctuating investment sentiment meant it was a period of relative valuation opportunities.