These firms are being recognized for thriving and being leaders in the institutional investing market.

L&G – Asset Management, America Winner

L&G – Asset Management, America designs custom investment solutions across fixed-income, index, multi-asset and liability-driven investing strategies. According to the firm, its multi-asset solutions are “highly tailored, allowing for innovation at the client level. We reject one-size-fits-all models and embrace the challenge of delivering bespoke outcomes.”

According to the company, its success is driven by a solutions-oriented approach, supported by a global asset allocation focus and three key pillars:

• a top-down, macro-driven philosophy;
• broad institutional presence; and
• a team-based model.

L&G – Asset Management, America, the U.S. arm of L&G – Asset Management, the global asset management business of Legal & General Group, leverages both global capabilities and local resources, focusing on identifying global risks and opportunities with an understanding of each client’s strategic goals and constraints.

According to the company, its focus on bespoke solutions allows it to create long-term value through more innovative approaches to traditional multi-asset strategies, including:

• Enhanced passive fixed income: Porting alpha from Index Plus and leveraging funding differences;
• LDI and equity protection: Using interest rate options to fund equity downside protection while reinforcing hedge objectives; and
• T+0 notification solution: A passive global equity structure designed for same-day liquidity and minimal tracking error.

A firm spokesperson says it “continuously evaluate the most effective approaches to achieve targeted exposures.”

An example offered is the company’s enhanced passive fixed-income product, which offers clients the opportunity to lock in outperformance portable to various fixed-income benchmarks. The product combines synthetic long exposure to a fixed-income benchmark, physical investment in an L&G – Asset Management, America equity Index Plus fund, and synthetic short exposure to the equity benchmark to remove unwanted beta. The result is exposure to the desired fixed-income benchmark, plus the net financing benefit and outperformance of the Index Plus strategy.

L&G – Asset Management, America has client-centric team of more than 30 people, including actuaries and credentialed professionals who understand complex liabilities and investment goals. Each client is supported by a dedicated four-person team: a lead, a secondary strategist, an account manager and a client service associate.

According to the company, educating clients is central to its partnership approach.

“We ensure clients understand the purpose, goals and instruments of the strategy,” the spokesperson says.

Finalists

• Capital Group
• Lumenai Investments LLC