A new paper by Con Keating, head of research at Brighton Rock Group, called into question the validity of liability driven investing. But industry experts believe LDI, while not perfect, is one of the best solutions pension funds have. Iain Morse reports
Is liability driven investing (LDI) fundamentally misconceived? So argues Con Keating, head of research at insurance company Brighton Rock Group. Over the past seven to eight years, LDI has become ...
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