- 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
Legal & General Investment Management America, Inc.
lgima.com
Summary of Offering
LGIM America’s LDI process focuses on opportunistically improving funded status outcomes while seeking to minimize volatility. LGIM America’s approach requires a significant investment in resources (i.e., people, tools), guided by a clear philosophy and process, which they believe leads to increased accountability. Overall, LGIM America prides itself on delivering tailored solutions that fit the unique objectives and preferences for its clients. LGIM America seeks to understand its clients’ needs and situation better than anyone else, and it allows this information to dictate what the appropriate solution should be, as opposed to continually offering “off-the-shelf” solutions.
Client Restrictions: Currently, LGIM America only offers its services to institutional clients and does not offer services to high-net-worth or retail investors. LGIM America’s clients are (1) the SMA clients, (2) the LGIM America Funds or other investment entities for which LGIM America serves as investment adviser or sub-adviser and (3) the affiliated and unaffiliated investment advisers for which LGIM America serves as sub-adviser, including unaffiliated OCIOs. Investors in the LGIM America Products include U.S. and non-U.S. affiliated and unaffiliated: public and private pension plans and pension funds, certain of which are subject to ERISA; other employee benefit plans; insurance companies; Taft-Hartley plans; corporations, including healthcare organizations; trusts; banks; charitable organizations; foundations; endowments; and other business entities.
Business Summary (as of 06/30/2023)
| Total LDI clients | 259 |
| Total LDI mandates | 259 |
| Total LDI assets under management (US$) | $64.7B |
Regions With Active Mandates
| U.S. | |
| Canada | |
| U.K. | |
| Continental Europe and Republic of Ireland | |
| Asia | X |
| Australia | X |
| All other locations |
Sizes With Active Mandates
| <$500MM | |
| $500MM – $1B | |
| >$1B – $5B | |
| >$5B – $10B | |
| >$10B |
Regions With Asset Allocations
| U.S. | |
| Canada | |
| U.K. | |
| Continental Europe and Republic of Ireland | |
| Asia | X |
| Australia | X |
| All other locations |
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 | X |
| Fixed income – Multisector | X |
| Fixed income – Other | |
| Cash | X |
| Private equity | X |
| Non private equity alternative investments, including real estate | X |
| Any other asset classes not mentioned above | X |