Bringing you live news and features since 2006 

Announcement

Standish enhances LDI overlay capabilities

RELATED TOPICS​

Standish Mellon Asset Management Company has named Max Guimond to the newly created position of solutions strategist for its Liability Driven Investing (LDI) group.

Guimond, who reports to Andrew Catalan, managing director and senior portfolio manager, is focusing on managing overlays, augmenting Standish's strong cash bond capabilities. Guimond will oversee the implementation of completion strategies that utilise cash and derivatives to hedge the inherent risks in a defined benefit pension plan.

LDI strategies have become an increasingly important tool for defined benefit pension plans seeking to reduce volatility in the funded status of their plans. Standish manages approximately USD15.4 billion in LDI strategies.

"As plan sponsors continue their efforts to minimise the effects of market volatility on the funded status of their plans, they increasingly rely on hedging managers specialising in LDI for solutions that go beyond traditional fixed income investments," says Catalan. "With Max joining our team, Standish increases the flexibility it can bring to managing risk across a wide array of asset classes."

Guimond says: "Successfully implementing LDI requires consideration of the total plan portfolio, including return-seeking assets such as equities.  Standish utilises tools that can provide an additional level of customisation that goes beyond commonly used fixed income corporate-based or government-based benchmarks."

Based in Standish's Boston headquarters, Guimond previously worked as a solutions strategist for Legal & General Investment Management America, where he structured LDI solutions. He also managed LDI portfolios for the firm.  Earlier in his career, he was a financial risk manager and derivatives trader for Milliman Inc.

Guimond received his bachelor's degree from Dartmouth College. 

Latest News

ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..
Investors urgently need greater access to diversified investment strategies aligned with the Paris Agreement on climate change if the world..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by