- 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
Russell Investments
https://www.russellinvestments.com
Summary of Offering
Russell Investments believes LDI solutions should be implemented by taking the total plan’s assets and liabilities into account. This means considering interactions between not only the liabilities and the LDI assets, but also the growth assets in the portfolio. Russell Investments believes that interest rate risk is an uncompensated risk for pension plans and that this risk should be hedged to the extent possible given portfolio constraints. The amount of surplus risk budget being spent on this position should be understood and managed relative to all the other surplus risks across the total portfolio.
Client Restrictions: None
Business Summary (as of 06/30/2021)
| LDI clients as of 06/30/2021: | 130 |
| LDI mandates as of 06/30/2021: | 130 |
| LDI assets under management ($USD) as of 06/30/2021: | $23.0B |
Regions With Active Mandates
| US | |
| Canada | |
| UK | |
| Continental Europe and Republic of Ireland | |
| Asia | |
| Australia | |
| All other locations |
Client Satisfaction
| # of ratings/responses received | 3 |
Satisfaction With Overall Offering
| Very Satisfied (9s and 10s) | NA |
| Mostly Satisfied (7s and 8s) | NA |
| Somewhat Satisfied (5s and 6s) | NA |
| Only a Little Satisfied (3s and 4s) | NA |
| Dissatisfied ( < 2) | NA |
Average Satisfaction Scores by Category
| Is responsive to general inquiries | NA |
| Meets objectives related to risk and return | NA |
| Proactively provides new ideas/solutions and shares knowledge | NA |
| Estimates daily liability | NA |
| Has accessible investment team | NA |
| Provides timely and detailed funded status attribution | NA |
| Provides timely performance reporting | NA |
| Offers daily interest rate hedge ratio estimation | NA |
| Customizes portfolio to specific client needs | NA |
NA = “Not Available”