Hailed as the saviour of the deficit-ridden pension fund industry, liability-driven investment (LDI) has become one of the most talked-about investment strategies in the pension sector, gracing the pages of the trade press, widely discussed at industry conferences and aggressively pitched to trustees.
So far, however, it's been mostly talk. Only a handful of UK pension funds have revamped their investment portfolios to employ LDI strategies. The reasons are varied: some cite the time it takes
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