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From the blog: Liability-driven investment has experienced explosive growth among pension schemes.

A small number of big firms dominate, with 85 per cent of liabilities hedged being managed by just three companies.

But this is in sharp contrast to the pension scheme tradition of diversification between asset classes, regions and active managers.

Lucy Barron | September 2, 2015

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LDI: Are you putting all your eggs in one basket?