Wellington Management Company LLP Winner

The Wellington Management Co., founded in 1928, manages more than $1 trillion in assets, including nearly $60 billion in liability-driven investing on behalf of clients worldwide.

The 24-member strong LDI team works in partnership with retirement plan sponsor clients at all stages of the LDI process. Since 2023, as market dynamics improved corporate pension funding levels, Wellington began working with several plans and their consultants—considering LDI for the first time due to their improved funded status—to offer a range of LDI solutions.

Wellington’s LDI platform has seen modest outflows over the past one- and three-year periods and inflows over the trailing five-year period, primarily from its long-credit book of business. The firm sees some of the outflows as positive, as they come “due to various reasons, including liquidity needs, asset allocation changes and restructures, pension risk transfers, and clients moving to an OCIO model,” says Jenna Steele, a Wellington vice president for the Americas. “We aim to provide innovative LDI products and solutions, partnering with plan sponsors at ALL stages of plan design and implementation. Outflows for benefit payments or PRT activity are marks of success.”

The firm cites fixed-income expertise in rates, credit, securitized and derivative markets; fundamental credit research enhanced by equity investor perspectives; its multi-asset perspective for constructing custom solutions; and experience managing full pension solutions and implementing glide path approaches for its results.

*Mega represents assets under management greater than $1 trillion.

Finalists

• Capital Group
• Goldman Sachs Asset Management