Webinar: Considerations for LDI Plan Sponsors
Tom McCartan, Principal of Liability-Driven Strategies outlines how LDI investors can take advantage of attractive credit spreads following recent volatility.
Prudential Tower
655 Broad Street
Newark, NJ, United States
Craig Dewling is the Deputy Chief Investment Officer and Head of Multi-Sector, Liquidity and Strategy at PGIM Fixed Income. As Deputy CIO, Mr. Dewling has broad oversight related to trading processes and policies for the firm. In addition, he has portfolio management oversight for multi-sector, core conservative, Japan core bond, global rates, mortgages, insurance strategies, money market strategies and liability-driven investing. Mr. Dewling is also responsible for management of the firm's macroeconomic research and oversees the firm's chief investment strategist. He has specialized in mortgage-backed securities since 1991. Earlier, he was a taxable bond generalist for the Firm's proprietary accounts, specializing in U.S. Treasuries and agencies. Mr. Dewling joined the Firm in 1987 in the Securities Systems Group. He received a BS in Quantitative Business Analysis from The Pennsylvania State University and an MBA in Finance from Rutgers University.
Tom McCartan, Principal of Liability-Driven Strategies outlines how LDI investors can take advantage of attractive credit spreads following recent volatility.
In this paper, Tom McCartan, FIA, CFA, Vice President, Liability-Driven Strategies discusses the key risks to a U.S. corporate pension plan's funded status--declining long-term interest rates, tightening long-dated corporate spreads, credit migration, and falling risk assets--and shares practical steps plan sponsors can take now to protect funding levels ahead of the next recession.
PGIM Fixed Income highlights why mismatching pension liability duration is not a costless bet on rising interest rates.
All information as of September 30, 2020. For purposes of the biographies, the “Firm” is defined as Prudential Financial, Inc. ("PFI"). All PGIM and Prudential named entities are subsidiaries or affiliates of PFI. PFI of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.