- Introduction & Methodology
- Industry Trends
- Respondent Profile
- Defined Benefit Plans
- Portfolio Characteristics
- LDI Usage
- Vendor Ratings
- Service Satisfaction
- Top 5 Listings
- Vendor Details
- BlackRock, Inc.
- Capital Group
- Conning
- Dodge & Cox
- Fidelity Investments
- Goldman Sachs Asset Management
- Insight Investment
- LGIM America1
- NISA Investment Advisors, LLC
- PIMCO
- PGIM Fixed Income
- Russell Investments
- Wellington Management Company, LLP
- Western Asset Management Company, LLC
Past Surveys
Vendor Details
Fidelity Investments
https://institutional.fidelity.com
Summary of Offering
Fidelity Asset Management Solutions provides tailored access to experienced and fully integrated LDI strategy and long duration portfolio management teams, focused on:
- Strategy development of pension de-risking solutions;
- Dynamic relationship between fixed income investing at the long end of the curve;
- Managing highly custom corporate portfolios that meet insurance specifications; and
- Managing across custom credit benchmarks.
Client Restrictions: Yes – minimum for commingled pool = $5MM; Minimum for separate account = $75M.
Business Summary (as of 06/30/2021)
| LDI clients as of 06/30/2021: | 107 |
| LDI mandates as of 06/30/2021: | 114 |
| LDI assets under management ($USD) as of 06/30/2021: | $32.0B |
Regions With Active Mandates
| US | |
| Canada | |
| UK | |
| Continental Europe and Republic of Ireland | |
| Asia | |
| Australia | |
| All other locations |
Client Satisfaction
| # of ratings/responses received | 10 |
Satisfaction With Overall Offering
| Very Satisfied (9s and 10s) | 80% |
| Mostly Satisfied (7s and 8s) | 20% |
| Somewhat Satisfied (5s and 6s) | 0% |
| Only a Little Satisfied (3s and 4s) | 0% |
| Dissatisfied ( < 2) | 0% |
Average Satisfaction Scores by Category
| Is responsive to general inquiries | 9.75 |
| Meets objectives related to risk and return | 9.50 |
| Proactively provides new ideas/solutions and shares knowledge | 8.00 |
| Estimates daily liability | 6.40 |
| Has accessible investment team | 9.13 |
| Provides timely and detailed funded status attribution | 7.29 |
| Provides timely performance reporting | 8.38 |
| Offers daily interest rate hedge ratio estimation | 6.00 |
| Customizes portfolio to specific client needs | 8.88 |
NR = “Not Reported”