Real Estate Pulse
Standing on Solid Ground
Commercial real estate investment performance remained positive through most of 2022 as it typically lags macro-economic developments. The first crack occurred in the fourth quarter of 2022 with a negative 3.5% total return. The fourth quarter of 2023 produced the fifth consecutive negative quarter bringing 2023 full year total return to a negative 7.9%.
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.
Our capabilities
Insights
Blog: Judging the Success of SFA Portfolios
If our conversations and experience serve as a representative sample set, many of these portfolios are custom fixed income strategies, often cashflow-matching, that are built benchmark-agnostic. The question becomes, how do we benchmark these mandates?
Blog: Capturing the Missed Opportunities of Standard Passive Investing
The marketplace for passive investing has evolved to exploit inefficiencies in an attempt to maximize performance, but not all investors are aware. Our Index Plus strategy seeks to exploit these inefficiencies by implementing a low active risk approach.
LDI and The Case for IG Private Credit
Interest in IG 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.
News and media
The Journal of Portfolio Management Features Revanta Pawar
In the article, Revanta Pawar, Portfolio Manager in the Portfolio Solutions group, describes a new framework for isolating the contribution to a given portfolio metric – volatility, for instance – of each of the constituent asset-time period pair building blocks that informs its measurement.
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 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
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.