Overlay services

Policy implementation

We comb through your portfolio in search of slippage—inefficiencies that lead to lower return and higher risk. Through the use of a derivatives overlay, we can correct the underlying source of slippage.

Beta management for portable alpha

We use derivatives to manage the beta (market) exposures associated with portable alpha strategies. We work with you to determine the best instruments to use for your particular strategy—typically futures, swaps or a combination of the two.

Liability-driven investing

Many investors recognize that they are exposed to interest rate risk, but do not have high confidence this exposure will add value. Hedging this risk through increased physical bond holdings may not be feasible or desirable given the investment opportunity cost. Learn more about our LDI implementation capabilities.

Fund restructuring

Effect changes resulting from major shifts in your asset allocation or mergers of multiple plans, independent of the movement of physical securities.

Managing exposures

Efficiently manage multiple exposures at the total fund level.

Tactical asset allocation

Implement tactical tilts around a long-term policy target.

Currency overlays

Add or remove currency exposures.

Episodic cash flows

Manage contributions into and disbursements from your portfolio more efficiently.

Currency management

Our program can result in a cost effective solution for a core component of your trading and risk management initiatives.

Currency solutions

Execution services

Our seasoned team employs the latest advances in technology to find liquidity pools that reduce transaction costs and manage risk.

Execution solutions

Overlay
services

This is an essential tool for managing large pools of capital as derivative overlays help manage risk elements and improve performance.

Overlay solutions

Transition management

We have helped clients manage their risks and investment performance when restructuring their portfolios or asset classes for over 25 years.

Transition solutions

Explore more with these related links:

What’s new in overlay services? 5 evolutionary trends

Portfolio management best practices: Implementing an Overlay program

Client case study: Maintaining your SAA while implementing a portable alpha strategy

Client case study: A defensive equity solution using a put option

Equity index futures vs. total return swaps

Rebalancing with EFPs

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