- Introduction & Methodology
- Industry Trends
- Respondent Profile
- Defined Benefit Plans
- Portfolio Characteristics
- LDI Usage
- Provider Rankings
- Assets Under Management
- Clients
- Mandates
- Provider Profiles
- Allspring Global Investments
- BlackRock, Inc.
- Capital Group
- Columbia Threadneedle Investments
- Dodge & Cox
- Fiera Capital Corporation
- Income Research & Management ("IR+M")
- Insight Investment
- J.P. Morgan Asset Management
- KeyBank
- Legal & General Investment Management America, Inc.
- MetLife Investment Management (MIM)
- NISA Investment Advisors, LLC
- Pacific Investment Management Company LLC (PIMCO)
- Parametric Portfolio Associates
- SECOR Asset Management
- SLC Management
- Voya Investment Management Co. LLC
- Wellington Management Company LLP
Past Surveys
Provider Profiles
Dodge & Cox
dodgeandcox.com
Summary of Offering
Dodge & Cox has been partnering with plan sponsors and their advisors on hedging pension liabilities since 1986. Recognizing clients’ unique and evolving objectives, risk constraints and cash flow needs, the firm’s dedicated LDI team manages a broad range of market mandates, custom blends and cash-flow-oriented portfolios along all stages of the pension journey. Using in-house fundamental credit research and incorporating non-corporate and structured product expertise, Dodge & Cox constructs and manages diversified and transparent portfolios with the goal of generating recurring alpha over rolling three- to five-year time periods, subject to client objectives and risk guidelines.
Client Restrictions: Typically, minimum account size of $100 million
Business Summary (as of 06/30/2023)
| Total LDI clients | 47 |
| Total LDI mandates | 62 |
| Total LDI assets under management (US$) | $32.2B |
Regions With Active Mandates
| U.S. | |
| Canada | |
| U.K. | X |
| Continental Europe and Republic of Ireland | X |
| Asia | X |
| Australia | X |
| All other locations | X |
Sizes With Active Mandates
| <$500MM | |
| $500MM – $1B | |
| >$1B – $5B | |
| >$5B – $10B | X |
| >$10B | X |
Regions With Asset Allocations
| U.S. | |
| Canada | |
| U.K. | X |
| Continental Europe and Republic of Ireland | X |
| Asia | X |
| Australia | X |
| All other locations | X |
Asset Classes With Asset Allocations
| Publicly Traded equities | X |
| Fixed income – Government only | |
| Fixed income – Investment grade (BBB- or higher) credit | |
| Fixed income – Below investment grade credit | |
| Fixed income – Multisector | X |
| Fixed income – Other | X |
| Cash | |
| Private equity | X |
| Non private equity alternative investments, including real estate | X |
| Any other asset classes not mentioned above | X |