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Liability Driven Investment (LDI): An Exercise in Risk Management

In: The Trustee Guide to Investment

Author

Listed:
  • Andrew Clare
  • Chris Wagstaff

Abstract

Understand how Liability Driven Investment (LDI) seeks to reduce a scheme’s potentially unrewarded risk while capturing potentially rewarded risks. Understand that LDI should be both a risk management and risk reallocation exercise. Understand what risks are targeted and how they are mapped and measured. Understand how interest rate and inflation risk can be mitigated. Appreciate the risk posed by improving longevity and how it can be mitigated. Understand what is involved in implementing a successful de-risking programme.

Suggested Citation

  • Andrew Clare & Chris Wagstaff, 2011. "Liability Driven Investment (LDI): An Exercise in Risk Management," Palgrave Macmillan Books, in: The Trustee Guide to Investment, chapter 0, pages 391-428, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-36187-4_15
    DOI: 10.1057/9780230361874_15
    as

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