UAT Liability Driven Investments Solutions


As Of March 31, 2023

As of March 31, 2023


Funds and their amounts
color in donut fund amount
Long Corporate$5.5B

Long Credit$9.5B

Long Gov/Credit$3.0B

Spliced Benchmark$2.3B

Highly Customized$2.0B



Funds and their amounts
color in donut fund amount
Relative Return$14.8B

Disciplined Alpha$3.8B

Alpha Strategies$1.8B

Full Discretion$1.8B

Pension Solutions$0.8B

LDI Philosophy

Active credit should serve as the foundation of our LDI portfolios
Be wary of overly complex solutions that may lead to a false sense of precision
Seeking to understand actuarial and liability nuances is critical to our success
Use capital-efficient duration hedges when possible

LDI Capabilities


Total plan modeling
Funded status scenarios
Liability-hedging assets
Glide paths
Cash balance plan hedging
Market Intellegence
LDI trends
Pension regulation insights
Pension risk transfer


Standard third-party
Manage directly to liabilities
Diversified LDI
Cash flow generation
Overlay management
Completion management
Funded status monitoring
End-game options

The Team

Loomis Sayles has an experienced team dedicated to custom pension solutions. We partner with clients and consultants to design and implement our best liability hedging structures while also providing LDI market intelligence, thought leadership and customized reporting.

Justin Teman, ASA, CFA

Head of LDI Solutions

18 years of experience as of 2022

Srinivas Andra, PhD

Quantitative Analyst

14 years of experience as of 2022

Xinjia Liu

Quantitative Analyst

11 years of experience as of 2022

The ability of an actual portfolio to deliver the required cash flows is not guaranteed and is subject to a variety of factors including, but not limited to, the availability of bonds, active management and trading, transaction costs, default risk, reinvestment risk, rebalancing risk and liquidity risk.

Commodity, interest and derivative trading involves substantial risk of loss.

Any investment that has the possibility for profits also has the possibility of losses.

This is for informational purposes only and should not be construed as investment advice. Investment decisions should consider the individual circumstances of the particular investor. Any opinions or forecasts contained herein reflect subjective judgments and assumptions of the author and do not necessarily reflect the views of Loomis, Sayles & Company, L. P. Investment recommendations may be inconsistent with these opinions. There can be no assurance that developments will transpire as forecasted. Examples and analysis are provided for illustrative purposes only and do not represent actual accounts. Accuracy of data is not guaranteed but represents our best judgment and can be derived from a variety of sources. Opinions are subject to change at any time without notice.