What's next for investment strategy following LDI crisis?

Sam Seadon says the future is likely to herald less leverage, cost and complexity

clock • 5 min read
The Mount Washington Hotel – the venue for the 1944 Bretton Woods Conference
Image:

The Mount Washington Hotel – the venue for the 1944 Bretton Woods Conference

During the 2008/09 Financial Crisis the governor of the People’s Bank of China Dr. Zhou Xiaochuan wrote in praise about John Maynard Keynes’ attempt in the 1940s to introduce “an international currency unit named Bancor, based on the value of 30 representative commodities”.

Instead of this, the US dollar-based Bretton Woods system emerged after World War II, and the dollar still dominates now. In the last five years the supply of imported commodities - such as ener...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Burnham urged to stem flow of UK pension capital into US tech stocks

Burnham urged to stem flow of UK pension capital into US tech stocks

Think tank calls concentration of UK pension investment in US tech stocks a ‘systemic risk’

Alex Levy
clock 30 July 2026 • 3 min read
Partner Insight: Can stewardship shape real world outcomes for pension funds?

Partner Insight: Can stewardship shape real world outcomes for pension funds?

Stewardship has moved well beyond voting statistics. For pension investors, it is now about whether engagement is shaping real-world outcomes across climate, people, governance and systems-level risks.

Royal London Asset Management
clock 29 July 2026 • 5 min read
UK pension giants join forces to unlock £1bn for scale-up fund

UK pension giants join forces to unlock £1bn for scale-up fund

Scale-up fund will help boost investment in science and technology businesses

Jonathan Stapleton
clock 27 July 2026 • 4 min read
Trustpilot