Liability-driven investing

The quantitative management team works closely with clients of all sizes to create customized liability-driven-investing (LDI) strategies that will best meet their desired objectives. With extensive actuarial, investment, and risk management experience, the team specializes in structuring investment solutions to help hedge liabilities for pension plans, health and welfare plans, life insurance companies, and endowments/foundations.

Philosophy

The team specializes in LDI and other customized solutions, and has been managing assets within an objectives-driven framework for decades. The team’s focus on structured fixed-income solutions ensures that clients receive market-leading research and solutions that best meet their needs. The team believes in going beyond restating client goals, objectives, and restrictions, instead digging deep into actuarial and financial issues related to pension fund management, which provides a more complete analysis, enabling a thorough vetting of potential solutions. Maintaining a collaborative relationship throughout the life of a plan means the team will be able to suggest enhancements and make adjustments to meet the changing needs of the plan over time. 

Managed by

Serge Lapierre, FCIA, FSA

Global Head of Liability-Driven Investments, Financial Engineering, and Quantitative Research, Multi-Asset Solutions Team, Manulife Investment Management

Serge and his team are responsible for all quantitative and systematic investment strategies that require a quantitative approach, such as liability-driven investments, smart beta, and passive strategies, and for developing unique, cutting-edge quantitative models, products, tools, and solutions. He joined the firm when Standard Life's Canadian operations were acquired by Manulife in January 2015; prior to that, he held a similar role with the quantitative management team. Before Standard Life, Serge was a senior investment consultant for Aon Consulting and an actuarial analyst for Metropolitan Life Insurance of Canada. He was also a lecturer in actuarial mathematics and quantitative finance at the Université de Montréal and at the Université du Québec à Montréal. Serge is a Fellow of both the Canadian Institute of Actuaries and the Society of Actuaries.

  • Education: B.Sc. in Mathematics, with a major in actuarial science, Université de Montréal
  • Joined the company: 2015
  • Began career: 1994
Serge Lapierre, FCIA, FSA

Vehicles

At Manulife Investment Management, we offer investment strategies through a variety of vehicles to suit a broad range of client needs. Contact our institutional sales or consultant relations team to find out if this strategy/vehicle is offered in your region. 

  • Separate accounts

    Our separate accounts and separately managed accounts (SMAs) are designed for institutions and high-net-worth clients seeking tailored investment solutions and direct ownership of securities. 

  • CITs

    Our professionally managed collective investment trusts (CITs) are available in certain qualified retirement plans.

  • Mutual funds

    Mutual funds are liquid, professionally managed portfolios that are available to both institutional and retail investors.


Key facts

  • Managing multi-asset solutions

    Since 1994

  • LDI team

    Established 1998

  • LDI strategy assets under management (CAD)

    $17.08 billion

  • Style

    Customized solutions

Important disclosures

All information shown is as of September 30, 2020, unless otherwise indicated. Strategy-level information may differ from vehicle-specific information. Not all vehicles are available in all locations and may be offered through affiliates of Manulife Investment Management.


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