Liability-Aware Management
We believe fixed income plays a vital role in providing income, preserving capital, and mitigating risk-making it an ideal solution for clients seeking to match asset cash flows with their liabilities.
Who It’s For
- Insurance companies
- Corporate defined benefit plans
- Endowments and foundations
- Healthcare organizations
- Private trusts
- High net worth individuals
- Family offices
Our Approaches
By using client liabilities as key inputs, we design customized portfolios-ranging from straightforward to highly sophisticated-that are tailored to align with each investor’s unique risk tolerance. Key approaches include:
Single Payment (Structured Maturity):
- Invest securities to meet liabilities with both known timing and known amount.
- Breckinridge Capability: Custom maturity matching aligned with liability payment dates.
Target Maturity (Regular Income Schedule):
- Purchase individual securities across a range of maturities and sectors.
- Breckinridge Capability: Treasury/Corporate Ladder or custom cash flow matching.
Duration Matching (Interest Rate Sensitivity – with finite life)
- Invest in one or more standard strategies, seeking to match liabilities.
- Breckinridge Capability: Separately Managed Account or Multi-Strategy SMA to match effective duration of liabilities (if known) or target duration.
Capital Preservation (over long term)
- Purchase individual securities across a range of maturities and sectors.
- Breckinridge Capability: Long Duration Strategies to match effective duration of liabilities (if known) or target duration.
For more information please fill out the form below or reach out to our Client Relations team at CR@breckinridge.com.