Anna Rogers comments in the Financial Times on LDI-related litigation
The LDI crisis in the autumn of last year saw many defined benefit schemes navigating a difficult market, with some trustees and sponsors emerging a little battered.
In the wake of this turbulence, some affected schemes are now looking at the responsibility held by their investment advisers, fiduciary and asset managers and LDI managers, with potential for legal redress.
Anna Rogers commented “asset managers and investment consultants are going to have defences,” continuing that they may argue “it was up to the trustees to understand” how LDI strategies worked, “and to have known what they were doing. Asset managers who do get sued could then point the finger at trustees, and also investment consultants. This is going to take a long time to play out.”
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