- Introduction & Methodology
- Industry Trends
- Respondent Profile
- Defined Benefit Plans
- Portfolio Characteristics
- LDI Usage
- Provider Rankings
- Assets Under Management
- Clients
- Mandates
- Provider Profiles
- Allspring Global Investments
- BlackRock, Inc.
- Capital Group
- Columbia Threadneedle Investments
- Dodge & Cox
- Fiera Capital Corporation
- Income Research & Management ("IR+M")
- Insight Investment
- J.P. Morgan Asset Management
- KeyBank
- Legal & General Investment Management America, Inc.
- MetLife Investment Management (MIM)
- NISA Investment Advisors, LLC
- Pacific Investment Management Company LLC (PIMCO)
- Parametric Portfolio Associates
- SECOR Asset Management
- SLC Management
- Voya Investment Management Co. LLC
- Wellington Management Company LLP
Past Surveys
Provider Profiles
Parametric Portfolio Associates
parametricportfolio.com
Summary of Offering
Parametric is a leading LDI manger with more than 20 years of experience implementing a broad range of solutions for defined benefits plans. Parametric’s systematic rules-based approach is consistent with the firm’s approach to delivering transparent, predictable, repeatable outcomes for institutional clients.
The Parametric LDI team provides a plan sponsor with a broad skill set to assess and manage the market risk of its investment portfolio relative to its unique projected liabilities. The ultimate goal is to help the plan better achieve its glide path to fully funded status while reducing the risk of an unexpected outcome. Parametric provides
- Efficient implementation of a plan’s asset allocation, including evaluation of their funded status and implementation of a liability-hedging plan;
- Monitoring of liability-hedging exposures and acting as a completion manager;
- Managing key rate duration exposures through both physical and synthetic fixed income; and
- Stabilizing funded status by managing an immunizing portfolio of investment grade bonds.
Client Restrictions: Account inception value of $10 million
Business Summary (as of 06/30/2023)
| Total LDI clients | 44 |
| Total LDI mandates | 60 |
| Total LDI assets under management (US$) | $18.5B |
Regions With Active Mandates
| U.S. | |
| Canada | X |
| U.K. | |
| Continental Europe and Republic of Ireland | X |
| Asia | X |
| Australia | X |
| All other locations | X |
Sizes With Active Mandates
| <$500MM | |
| $500MM – $1B | |
| >$1B – $5B | |
| >$5B – $10B | X |
| >$10B | X |
Regions With Asset Allocations
| U.S. | |
| Canada | X |
| U.K. | |
| Continental Europe and Republic of Ireland | X |
| Asia | X |
| Australia | X |
| All other locations | X |
Asset Classes With Asset Allocations
| Publicly Traded equities | X |
| Fixed income – Government only | |
| Fixed income – Investment grade (BBB- or higher) credit | |
| Fixed income – Below investment grade credit | X |
| Fixed income – Multisector | X |
| Fixed income – Other | |
| Cash | X |
| Private equity | X |
| Non private equity alternative investments, including real estate | X |
| Any other asset classes not mentioned above | X |