LGIM America's Pension Solutions Monitor, which estimates the health of a typical US corporate defined benefit pension plan, estimates that pension funding ratios increased throughout June 2024. Based on market movements, the average funding ratio is estimated to have increased from 108.8% to 109.9%. Equity markets experienced strong performance over the month with both Global Equities increasing 2.3% and the S&P 500 increasing 3.6%. Plan discount rates were estimated to have decreased 17 basis points over the month, driven primarily from lower Treasury yields. Plan assets with a traditional “50/50” asset allocation increased 1.7% while liabilities increased 0.6%, resulting in an increase to funding ratios by June month-end. https://lnkd.in/gGwxxhd Please view webpage for complete disclosures.
LGIM America
Investment Management
Chicago, IL 7,846 followers
A Chicago-based registered investment advisor serving the US institutional market
About us
LGIM America (LGIMA) was founded in 2006 with the purpose of helping people achieve their long-term financial goals. We offer a range of strategies to help our institutional clients (corporations, healthcare agencies, non-profit, educational institutions, public plans and Taft-Hartley multi-employer plans) manage their investment objectives, which can range from market-based alpha-oriented strategies, derivative overlays, equity solutions and those that are designed to be more liability-centric. Encouraging a diverse and inclusive environment coupled with a solutions-focused culture allows us to increase our breadth of knowledge and the likelihood of improved client outcomes and stronger financial performance. We have teams of experienced, innovative professionals committed to helping plan sponsors meet their pension promises, managing investment exposures efficiently to seek enhanced returns while mitigating risks, and working to generate returns while making a positive societal difference. As of March 31, 2024, LGIM America had $219.7 billion in assets under management. Mutual fund information: https://www.lgima.com/funds/mutual-fund-disclosures
- Website
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http://www.lgima.com/
External link for LGIM America
- Industry
- Investment Management
- Company size
- 201-500 employees
- Headquarters
- Chicago, IL
- Type
- Privately Held
- Founded
- 2006
- Specialties
- Active Fixed Income, Index Strategies, Liability Driven Investment (LDI) Solutions, ESG, Multi-asset Solutions, and Private Credit
Locations
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Primary
Get directions
71 South Wacker Drive
Ste. 800
Chicago, IL 60606, US
Employees at LGIM America
Updates
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Shauna Hewitt, Senior Investment Director, participated as a panelist at IDAC's Regional Members Event in Chicago on Tuesday. The event provided members and guests an opportunity to network as well as engage in discussions around innovative solutions that drive financial inclusion and capital maximization. LGIM America is a proud supporter and sponsor of IDAC, the Investment Diversity Advisory Council.
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We believe climate change is an important systemic risk to our clients’ portfolios. Since 2016, we have encouraged companies to transition to a net-zero economy through our Climate Impact Pledge. Today, we launch our eighth annual report, which outlines how we have been supporting companies in scaling up their climate ambitions and engaging to drive positive change. Find out more about the progress we’ve made in our 2024 report: https://lnkd.in/gCGGa7UZ #LGIMClimatePledge #ResponsibleInvestment #ClimateAction
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Many of the broad characteristics assigned to private credit are features of direct lending—a sub-investment grade rating, a high floating rate coupon, and, most notably, illiquid. While the investment grade segment of private credit may not be as liquid as public markets, investment grade private credit dominates the secondary market landscape. The perception of illiquidity is driven by the extreme demand from long-term buy and hold investors and most limitations on liquidity stem from bondholders lacking an interest in selling—stated simply, it is easy to sell but very difficult to buy. Read our latest blog post by Dan Dreher: https://lnkd.in/gt-fEQn9
The Liquidity Advantage of Investment Grade Private Credit | LGIM America
lgima.com
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LGIM America is pleased to welcome our summer interns! Focusing on HR, Private Credit, Marketing & Business Management, Multi-Asset, Equity Solutions, Distribution, Quantitative Analytics, IT and Investment Analytics, these nine interns will be with us until late August. We look forward to working with them and helping them gain experience and exposure to the asset management industry.
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The lagging investment performance of property is clearly apparent in the first quarter report for the unlevered NCREIF index. Despite solid economic growth and stronger than expected employment, first-quarter NCREIF data shows continuing deterioration in unlevered property total return, but, at a significantly more subdued rate versus Q4 2023. For the four quarters ending in March, NCREIF total return clocked -7.2%, with the appreciation component at -11.2% and the income component at 4.4%. The appreciation component contributed half the rate of decline in the first quarter compared to the fourth quarter. Three of the four major sectors showed such improvement with only office failing to at least halve its rate of decline. Read our newsletter for more highlights: https://ow.ly/ym1650Sg2Yj Please view the newsletter for complete disclosures.
Real Estate Pulse - Q2 2024 | LGIM America
lgima.com
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Exciting times ahead at Legal & General, as António Simões set out a new strategy for the organisation today. Listen to António explain how we will be a simpler, better-connected business, continuing to build on our shared purpose, to benefit our customers, society and shareholders.👇 Read more on our Group website: https://lnkd.in/dew8eWZE
Sustainable growth 📈, sharper focus 🔎, enhanced returns ✅ On the 18 June 1836 Legal & General held its first board meeting in London - less than 2 miles from our current HQ. Almost 188 years to the day, we launched today our new strategy at my first Capital Markets Event as Group CEO. This strategy builds on our strengths and the feedback from investors, customers, clients and partners. Over the coming years we want to deliver: 1. 📈 Sustainable Growth across our three divisions: Institutional Retirement, Asset Management and Retail 💪 2. 🔎 Sharper Focus with more rigour in our capital allocation and execution of our strategy 🏎️ 3. ✅ Enhanced Returns for customers, shareholders (through a combination of dividend growth and share buybacks) and broader society. 🌍 In 12 years’ time L&G will be 200 years old. My vision is for a growing, simpler and better-connected L&G, playing a central role in meeting the long-term investment needs of society and individuals. Here’s a short film with what we have announced today 👇 #team #strategy #growth
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We are extremely pleased to announce and welcome our newest member, LGIM America. Learn more at: https://www.lgima.com #FIXtrading #FIXtradingCommunity #LGIMAmerica #newmember
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US SIF’s #FORUM2024 kicks off in less than six weeks. With over 20 sessions and more than 30 speakers, this event will tackle the topics most consequential to today’s #sustainableinvesting community. Our breakout sessions will include: ️✅ Community Investing in 2024: Trends, Opportunities & What's Possible: CDFIs have been described as the “ultimate impact investment”, capable of addressing key social and environmental issues like #affordablehousing; persistent racial health, wealth and opportunity gaps; and environmental sustainability measures in low-income and historically underserved communities. Lear more with Anna Smukowski with Enterprise Community Loan Fund, Inc., Kathleen Keefe with Local Initiatives Support Corporation (LISC) and Saurabh Narain with the National Community Investment Fund. ️✅ Diversifying Investment Teams as Fiduciary Duty: how can we adhere to our fiduciary duty when our investment teams are homogenous, subject to bias and groupthink? We will be discussing the benefits of cognitive diversity as practitioners of sustainable investing, debunk some well-worn myths, and provide clear next steps. With Ruth Kramer Shaber at Diverse Investing Collective, Matt Patsky at Trillium Asset Management and Joe Aguilar, CIO at the Office of the Illinois State Treasurer. ️✅ Systemic Risk & Systemic Change: How can diverse investment approaches tackle some of the world's most critical systemic challenges? With John Hoeppner at LGIM America, Steve Lydenberg with TIIP - The Investment Integration Project, Monika Kumar at ImpactARC and Bruno Bertocci with the CFA Institute Register now and join US SIF in downtown Chicago June 24-26! https://lnkd.in/emGSkgt2 #ESG #systemsthinking #shareholderrights #DEI
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Great work yesterday, David Barron, Head of US Equity Solutions!
From AI to inflation to ESG trends, yesterday's #ACE2024 sessions covered key issues impacting #publicpensions across the US and Canada. https://lnkd.in/e8bjw2if Sabrina Unger, American Realty Advisors and Steve Hagenbuckle & Nicholas Vician, TerraCap Management, LLC discussed strategic opportunities in the residential and industrial sectors, highlighting how early movers are often well positioned when coming out of the gates as markets recover. Bill Hallmark & Heath Merlak, Cheiron led a session on benchmarking. Panelists used public plans data to illustrate the metrics that are most meaningful in comparing public plans’ funding progress, contribution policies and sensitivity to risk. Irwin Schwartz, DIVIDEX Management LLC shared insights for increasing operational alpha and reducing fiduciary risk from securities fraud class action exposures. He provided recommendations for conducting 'self check-ups' of a plan's management of exposures to securities fraud litigation. Michael Stocker Dark, Berman Tabacco and Guillaume Buell & Amy Greenbaum, CFE, Labaton Keller Sucharow LLP dove into the link between corporate disclosures and share prices, emphasizing how institutional investors can use this knowledge to maintain market integrity. A. David P. Manzano, Golub Capital & Keith B., Russell Investments, provided an overview of the direct lending landscape and private credit market. Margaret Niles, K&L Gates, moderated a conversation with Andrew Feucht, K&L Gates, and Brian Calandra, Pomerantz LLP, on ESG trends in investment considerations and securities litigation. During the "Benchmarking in Hedge Funds" session, Tam McVie, abrdn, discussed the evolution of hedge-fund benchmarking and the opportunities it presents for today's investors. David Barron, LGIM America, led an express talk on uncovering active returns in passive management. For large long-term institutional investors with a core passive strategy, many new and innovative index strategies can offer a step forward by unlocking the potential to add increased performance while maintaining low base index fees. During the Lunch & Lecture series, Chris Fikes & Scott Miller, Segal, explored artificial intelligence and plan governance considerations. Lydia Lee (Pool), Lieff Cabraser Heimann & Bernstein, LLP, moderated a conversation with Katherine Lubin Benson & Mike Sheen, Lieff Cabraser Heimann & Bernstein, LLP; Kevin B. Lindahl, Fire & Police Pension Association of Colorado; and Sherry Mose, Houston Municipal Employees Pension System, on what makes a good securities case. Colyar Pridgen, Capital Group, & Jason Malinowski, Seattle City Employees’ Retirement System, led a session on the role of high quality fixed income in a DB plan's portfolio. Tom Vicente & Jordan McClane, Bolton Partners, discussed high inflation and post-retirement benefit increases.
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