{"id":89,"date":"2021-06-10T09:55:29","date_gmt":"2021-06-10T07:55:29","guid":{"rendered":"http:\/\/financialmodels.nl\/vsfs\/?p=89"},"modified":"2021-06-10T10:25:48","modified_gmt":"2021-06-10T08:25:48","slug":"financial-investigator-roundtable-ldi-balance-sheet-management","status":"publish","type":"post","link":"https:\/\/financialmodels.nl\/vsfs\/?p=89","title":{"rendered":"Financial Investigator Roundtable LDI &#038; Balance Sheet Management"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"wp-image-107 alignright\" src=\"http:\/\/financialmodels.nl\/vsfs\/wp-content\/uploads\/2021\/06\/FININVJWVS202102.png\" alt=\"\" width=\"200\" height=\"263\" srcset=\"https:\/\/financialmodels.nl\/vsfs\/wp-content\/uploads\/2021\/06\/FININVJWVS202102.png 612w, https:\/\/financialmodels.nl\/vsfs\/wp-content\/uploads\/2021\/06\/FININVJWVS202102-228x300.png 228w\" sizes=\"(max-width: 200px) 100vw, 200px\" \/>In February 2021 <a href=\"https:\/\/www.financialinvestigator.nl\/\" target=\"_blank\" rel=\"noopener noreferrer\">Financial Investigator<\/a>\u00a0hosted a LDI &amp; Balance Sheet Management Roundtable. Jan Willem van Stuijvenberg was one of the participants and very much enjoyed the discussions on\u00a0this\u00a0always interesting and evolving\u00a0topic.<\/p>\n<p>The questions covered\u00a0at the roundtable:<\/p>\n<ul>\n<li>Should balance sheet management and LDI be provided by one party?<\/li>\n<li>Should one hedge currency risk inside the LDI mandate or at a total fund level?<\/li>\n<li>What are the pros and cons of a &#8216;fund for one&#8217; vs a &#8216;segregated account&#8217;?<\/li>\n<li>Does it pay out to be active in LDI using government bonds, SSA&#8217;s etc.?<\/li>\n<li>What possibilities are there to\u00a0incorporate green investing \/ ESG in LDI?<\/li>\n<li>The scope of instruments that\u00a0are used in LDI is widening. How to cope with this?<\/li>\n<li>For central clearing are pension funds willing to expand towards LCH?<\/li>\n<li>How\u00a0does one cope with the increasing demand for cash collateral and the possible drag on performance?<\/li>\n<li>How will the &#8216;New Pension Contract&#8217; impact LDI and is anticipation needed?<\/li>\n<li>In the\u00a0&#8216;New Pension Contract&#8217; one will work with age groups. Is it truly logical to increase the rates hedge with age?<\/li>\n<li>Over\u00a02021\u00a0\/ 2024 the regulatory UFR discount curve will change. How to cope with these changes in relation to the upcoming &#8216;New Pension Contract&#8217;?<\/li>\n<li>Should (long)\u00a0government bonds be a natural part of an LDI portfolio?<\/li>\n<li>What is your\u00a0outlook on the shape and level of the swap curve?<\/li>\n<\/ul>\n<div id=\"attachment_101\" style=\"width: 80px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/financialmodels.nl\/vsfs\/wp-content\/uploads\/2021\/06\/FI-1-2021-Ronde-Tafel-Integraal-Balansbeheer-LDI.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"><img aria-describedby=\"caption-attachment-101\" loading=\"lazy\" class=\"wp-image-101\" src=\"http:\/\/financialmodels.nl\/vsfs\/wp-content\/uploads\/2021\/06\/kisspng-pdf-computer-file-clip-art-file-format-document-international-conference-on-materials-energy-april-5b630034a89c51.9879975015332147726906.jpg\" alt=\"\" width=\"70\" height=\"53\" srcset=\"https:\/\/financialmodels.nl\/vsfs\/wp-content\/uploads\/2021\/06\/kisspng-pdf-computer-file-clip-art-file-format-document-international-conference-on-materials-energy-april-5b630034a89c51.9879975015332147726906.jpg 900w, https:\/\/financialmodels.nl\/vsfs\/wp-content\/uploads\/2021\/06\/kisspng-pdf-computer-file-clip-art-file-format-document-international-conference-on-materials-energy-april-5b630034a89c51.9879975015332147726906-300x227.jpg 300w, https:\/\/financialmodels.nl\/vsfs\/wp-content\/uploads\/2021\/06\/kisspng-pdf-computer-file-clip-art-file-format-document-international-conference-on-materials-energy-april-5b630034a89c51.9879975015332147726906-768x580.jpg 768w\" sizes=\"(max-width: 70px) 100vw, 70px\" \/><\/a><p id=\"caption-attachment-101\" class=\"wp-caption-text\">Download Article<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>In February 2021 Financial Investigator\u00a0hosted a LDI &amp; Balance Sheet Management Roundtable. Jan Willem van Stuijvenberg was one of the participants and very much enjoyed the discussions on\u00a0this\u00a0always interesting and evolving\u00a0topic. The questions covered\u00a0at the roundtable: Should balance sheet management &hellip; <a href=\"https:\/\/financialmodels.nl\/vsfs\/?p=89\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/financialmodels.nl\/vsfs\/index.php?rest_route=\/wp\/v2\/posts\/89"}],"collection":[{"href":"https:\/\/financialmodels.nl\/vsfs\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialmodels.nl\/vsfs\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialmodels.nl\/vsfs\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/financialmodels.nl\/vsfs\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=89"}],"version-history":[{"count":8,"href":"https:\/\/financialmodels.nl\/vsfs\/index.php?rest_route=\/wp\/v2\/posts\/89\/revisions"}],"predecessor-version":[{"id":111,"href":"https:\/\/financialmodels.nl\/vsfs\/index.php?rest_route=\/wp\/v2\/posts\/89\/revisions\/111"}],"wp:attachment":[{"href":"https:\/\/financialmodels.nl\/vsfs\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=89"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialmodels.nl\/vsfs\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=89"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialmodels.nl\/vsfs\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=89"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}