- Introduction & Methodology
- Industry Trends
- Respondent Profile
- Defined Benefit Plans
- Portfolio Characteristics
- LDI Usage
- Vendor Ratings
- Service Satisfaction
- Top 5 Listings
- Vendor Details
- BlackRock, Inc.
- Capital Group
- Conning
- Dodge & Cox
- Fidelity Investments
- Goldman Sachs Asset Management
- Insight Investment
- LGIM America1
- NISA Investment Advisors, LLC
- PIMCO
- PGIM Fixed Income
- Russell Investments
- Wellington Management Company, LLP
- Western Asset Management Company, LLC
Past Surveys
Vendor Details
Wellington Management Company, LLP
https://www.wellington.com/
https://www.wellington.com/en/liability-driven-investing/
Summary of Offering
Wellington’s edge is that it partners with plan sponsors at all stages of the LDI process, tapping the breadth of its multi-asset capabilities, including:
- Deep fundamental credit research enhanced by equity investor perspectives;
- Actuaries who translate liability cash flows into practical investment ideas;
- Fixed-income expertise in rates, securitized, and derivative markets;
- Specialist trading resources to help support liquidity needs; and
- Experience managing full multi-asset pension solutions and implementing glide path approaches.
Client Restrictions: None
Business Summary (as of 06/30/2021)
| LDI clients as of 06/30/2021: | 124 |
| LDI mandates as of 06/30/2021: | 70 |
| LDI assets under management ($USD) as of 06/30/2021: | $73.9B |
Regions With Active Mandates
| US | |
| Canada | |
| UK | |
| Continental Europe and Republic of Ireland | |
| Asia | |
| Australia | |
| All other locations |
Client Satisfaction
| # of ratings/responses received | 15 |
Satisfaction With Overall Offering
| Very Satisfied (9s and 10s) | 80% |
| Mostly Satisfied (7s and 8s) | 20% |
| Somewhat Satisfied (5s and 6s) | 0% |
| Only a Little Satisfied (3s and 4s) | 0% |
| Dissatisfied ( < 2) | 0% |
Average Satisfaction Scores by Category
| Is responsive to general inquiries | 9.29 |
| Meets objectives related to risk and return | 9.13 |
| Proactively provides new ideas/solutions and shares knowledge | 9.23 |
| Estimates daily liability | 8.29 |
| Has accessible investment team | 9.21 |
| Provides timely and detailed funded status attribution | 8.50 |
| Provides timely performance reporting | 9.36 |
| Offers daily interest rate hedge ratio estimation | 8.29 |
| Customizes portfolio to specific client needs | 9.11 |
NR = “Not Reported”