- 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
Western Asset Management Company, LLC
https://www.westernasset.com
Summary of Offering
For more than 30 years, Western Asset has delivered customized solutions in an LDI framework. The firm’s platform for helping clients efficiently allocate capital within this framework includes a large and seasoned pension solutions team (a 22-member team that averages 23 years of experience) that has developed proprietary LDI analytics that go beyond simple key rate duration (KRD) matching and has published cutting edge research for almost 15 years. The firm offers a full suite of investment options, including but not limited to simple risk constrained strategies, a multitude of high alpha offerings, and cash flow matched solutions for more mature plans.
Client Restrictions: None
Business Summary (as of 06/30/2021)
| LDI clients as of 06/30/2021: | 72 |
| LDI mandates as of 06/30/2021: | 143 |
| LDI assets under management ($USD) as of 06/30/2021: | $73.3B |
Regions With Active Mandates
| US | |
| Canada | |
| UK | |
| Continental Europe and Republic of Ireland | |
| Asia | |
| Australia | |
| All other locations |
Client Satisfaction
| # of ratings/responses received | 16 |
Satisfaction With Overall Offering
| Very Satisfied (9s and 10s) | 94% |
| Mostly Satisfied (7s and 8s) | 6% |
| 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 | 9.63 |
| Meets objectives related to risk and return | 9.25 |
| Proactively provides new ideas/solutions and shares knowledge | 9.20 |
| Estimates daily liability | 8.25 |
| Has accessible investment team | 9.33 |
| Provides timely and detailed funded status attribution | 8.45 |
| Provides timely performance reporting | 8.64 |
| Offers daily interest rate hedge ratio estimation | 8.13 |
| Customizes portfolio to specific client needs | 8.86 |
NR = “Not Reported”