Pyramis Liability Driven Investing (LDI)

Pyramis’ LDI Solutions Team is a specialized group within Fidelity’s Asset Management organization. Our team designs and manages dynamic LDI solutions tailored to client-specific liabilities to help reduce funded status volatility.

 

  • Pyramis’ LDI Solutions Team is a part of Fidelity’s $847 billion Fixed Income Division*
  • Team consists of both Portfolio Managers and LDI Strategists
  • Resources also exist across equities and asset allocation divisions
  • We offer a breadth of highly custom LDI solutions and traditional long bond mandates
  • Clients total 85+ and over $13 billion AUM *
  • Proprietary ALM modeling capabilities provide daily Plan level risk assessment
  • Perspectives across investment, risk management, and regulatory expertise

*As of June 30, 2014

 

For more information on these products, please contact pyramisfixedincome@pyramis.com.

Video

De-Risking or Re-Risking: What Plan Sponsors Should Consider

Dan Tremblay, senior vice president and director of Fixed Income Solutions and François Pellerin, LDI strategist, discuss what plan sponsors should consider when evaluating a potential risk transfer.

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INVESTMENT PHILOSOPHY
Our LDI solutions platform is based on the following key principles:

  • Dedicated resources committed to pension risk management across assets and liabilities
  • Custom portfolio solutions that take into consideration current capital market perspectives and real-world implementation challenges
  • Strong fixed income management that seeks to consistently deliver alpha in a pension risk management framework
  • Development of customized solutions which evolve over time
INVESTMENT APPROACH

Our multi-dimensional approach seeks to integrate LDI strategy analysis and consultation with best-in-class fixed income portfolio management.

Our investment strategy combines bottom-up and top-down inputs with the goal of delivering consistent alpha generation. Our investment process is collaborative and team-based. Portfolio managers work in conjunction with an extensive team of specialized analysts and traders.

By integrating this platform with our LDI Strategy Team, we strive to ensure that the implementation of custom solutions is effective and efficient. By leveraging the scale of our investment resources we believe we can consistently add value while maintaining the portfolio’s liability-hedging characteristics.

CONTACT US

Corporate Headquarters
900 Salem Street
Smithfield, RI 02917
pyramis@pyramis.com


Pyramis - 900 Salem St
Webinar Replay

Investment Decisions You Can Make Today, Even if a Risk Transfer is Years Away - Webinar Replay

March 2014

On Wednesday, March 19th Dan Tremblay, SVP, Director of Institutional Fixed Income Solutions and Francois Pellerin, LDI Strategist at Pyramis Global Advisors, discussed considerations over the near term to prepare for a risk transfer later on.

Insights

LDI Newsletter

Q2 2014

Credit spreads are near their tightest levels since the financial crisis and Treasury rates are at their lowest level in a year. As a result, fixed income markets appear slightly more vulnerable than when the year began.

To Re-Risk or Not to Re-Risk: When Should Plan Sponsors Reverse De-Risking?

January 2014

Many pension plans following an LDI de-risking strategy are wondering if market conditions can justify tactically re-risking their portfolios. This article describes the key considerations for a plan sponsor deciding whether to re-risk.

Low-Volatility Equity Investing for U.S. Corporate Defined Benefit Plan Sponsors

August 2014

This article argues that low-volatility equity strategies may provide an alternative de-risking approach for DB pension plans, particularly those that want to maintain exposure to equity assets in a low and potentially rising interest-rate environment.

To contact a member of our business development team, please use the dropdown below to select your state.

General Inquiries

For non-media inquiries, please call 1-401-292-3431.

For media-related questions, please call 617-563-5800.