- 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
Goldman Sachs Asset Management
https://www.gsam.com
Summary of Offering
Goldman Sachs Asset Management (GSAM) has created a pre-eminent asset-liability management platform. The partnership between credentialed actuaries, fixed-income portfolio managers, and asset liability strategists, coupled with connectivity between systems and infrastructure, provides an efficient, cost-effective, and precise liability-hedging solution. GSAM develops customized LDI programs based on a client’s strategic objectives with a focus on capital efficiency, hedge effectiveness, and risk mitigation. GSAM’s clients have benefited through a 99% average hedge effectiveness as well as excess returns on a one-, three-, and five-year basis. GSAM has significant pension risk transfer (PRT) experience, including several of the largest annuitizations in US history.
Client Restrictions: None
Business Summary (as of 06/30/2021)
| LDI clients as of 06/30/2021: | 96 |
| LDI mandates as of 06/30/2021: | 209 |
| LDI assets under management ($USD) as of 06/30/2021: | $60.5B |
Regions With Active Mandates
| US | |
| Canada | |
| UK | |
| Continental Europe and Republic of Ireland | |
| Asia | |
| Australia | |
| All other locations |
Client Satisfaction
| # of ratings/responses received | 41 |
Satisfaction With Overall Offering
| Very Satisfied (9s and 10s) | 72% |
| Mostly Satisfied (7s and 8s) | 19% |
| Somewhat Satisfied (5s and 6s) | 9% |
| Only a Little Satisfied (3s and 4s) | 0% |
| Dissatisfied ( < 2) | 0% |
Average Satisfaction Scores by Category
| Is responsive to general inquiries | 9.29 |
| Meets objectives related to risk and return | 9.32 |
| Proactively provides new ideas/solutions and shares knowledge | 9.13 |
| Estimates daily liability | 8.58 |
| Has accessible investment team | 9.36 |
| Provides timely and detailed funded status attribution | 9.14 |
| Provides timely performance reporting | 9.11 |
| Offers daily interest rate hedge ratio estimation | 8.39 |
| Customizes portfolio to specific client needs | 9.32 |