Liability Driven Investment (LDI) has become more prominent than ever as a topic. Too frequently, the descriptions of risks and recent events overlook important details, which we aim to explore: A brief history and benefits of LDI Funding-level developments including sensitivity to hedge ratios Key leverage instruments Collateral ‘headroom’ and waterfalls as key collateral management tools Why different mandate types exist (pooled / segregated) Why pooled funds are widely accepted to have suffered most Upcoming considerations (including, for example, the DB Funding Code) The desire for LDI moving forwards Additional collateral management options 

Speaker: Michael O'Connor, NatWest Markets