Chicago Honeycomb

LDI and The Case for IG Private Credit

Interest in investment grade private credit strategies has been growing in recent years. Proponents of the asset class have always pointed toward the potential for yield enhancement, availability of structural protections and added diversification. 2024 could be the year where attractive market conditions intersect at the right moment within the evolution of DB plan sponsor’s LDI programs.

About us

LGIM America exists to help people achieve their long-term financial goals and to make a difference in their lives, industries and communities. As a Chicago-based registered investment advisor with $214 billion in assets under management as of December 31, 2023, we are proud of our commitment to partner with clients. We specialize in the design and management of investment solutions for the US institutional market that address three primary concerns: stabilizing pensions, income for life and sustainable solutions.

Insights

Office Buildings

Q1 Real Estate Pulse: Standing on Solid Ground

Fourth quarter property performance capped a year of pervasive pressure in response to the interest rate tightening that began in early 2022. Commercial real estate investment performance remained positive through most of 2022 as it typically lags macro-economic developments.

Radar Monitor

Collectively Forecasted, Never Arrived

Like driving on ice, the trick to surviving 2024 may be not over committing in one direction. Staying flexible at the beginning of the year should allow for more insightful decisions down the road.

Compass

Blog: The Case for Commodities Today

The challenges of a half-century ago bear an uncanny resemblance to the risks that we face today. That being said, institutional investors may need to consider allocating to an alternative asset class to preserve portfolio returns. Using history as a guide, we believe commodities may be an appropriate fit.

News and media

Anthony Woodside Pattern

Reuters Article Features Anthony Woodside

Anthony Woodside, CFA, FRM, Head of US Fixed Income Strategy, was quoted in article by Reuters. The article discusses how credit spreads have fallen as investors become more confident on the outlook.

CIO Award

2023 CIO Industry Innovation Award - Public Fixed Income

CIO has selected LGIM America as the 2023 Industry Innovation Award winner for Public Fixed Income. The CIO awards centered on allocators driving change and enhancing institutional fund performance and the service providers driving innovation in institutional investing.1

Best Places to Work

Best Places to Work in Money Management

For the sixth consecutive year, LGIM America has been recognized in Pensions & Investments' Best Places to Work in Money Management program! Thank you to our employees for nurturing our collaborative and client-centric culture, creating a diverse and inclusive environment and investing in our community.2

Stewardship through action

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At LGIM America, our purpose is to create a better future through responsible investing. Our 12th Active Ownership report shows how we engage with companies and policymakers, and how we push for positive change for our clients and the world. Read the report to find out more about how we put our purpose into action.

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1. Chief Investment Officer, 2023 Asset Management & Service Providers survey. Nominees are anonymously submitted by their peers across the industry. Finalists and winners are chosen from the nominee pool by the CIO editorial team in conjunction with an advisory board of former and current CIOS. LGIMA did not compensate CIO for its award. https://www.ai-cio.com/news/cio-announces-2023-industry-innovation-award-winners. This award does not imply that LGIMA will or has been successful in its product offerings or services.

2. P&I listed LGIMA as one of the “Best Places to Work in Money Management” for 100-499 employees. LGIMA did not compensate Pension & Investments for this award. More detailed information regarding the survey methodology and tabulation of results can be found at: https://lnkd.in/esgadGYu.

This material is intended to provide only general educational information and market commentary. Views and opinions expressed herein are as of the date set forth above and may change based on market and other conditions. The material may not be reproduced or distributed. The material is for informational purposes only and is not intended as a solicitation to buy or sell any securities or other financial instrument or to provide any investment advice or service. Legal & General Investment Management America, Inc. does not guarantee the timeliness, sequence, accuracy or completeness of information included. Past performance should not be taken as an indication or guarantee of future performance and no representation, express or implied, is made regarding future performance.

Certain of the information contained herein represents or is based on forward-looking statements or information, including descriptions of anticipated market changes and expectations of future activity. Forward-looking statements and information are inherently uncertain and actual events or results may differ from those projected. Therefore, undue reliance should not be placed on such forward-looking statements and information. There is no guarantee that LGIM America's investment or risk management processes will be successful.