Our delegated solutions, often called OCIO or fiduciary management (FM), mean we take on the day-to-day responsibility for your investments while you retain strategic control. 
Acting as an extension of your team, we: 
Design and implement portfolios aligned to your objectives and risk profile. 
Select and monitor managers using an open architecture approach for best-in-class access. 
Manage risk and liquidity, ensuring resilience across market conditions. 
Provide governance support and reporting, giving trustees clarity and confidence. 
Handle transitions and rebalancing, so your portfolio stays on track. 

Case Study: £3.5bn DB OCIO client: bespoke strategy

Since 2016, we’ve acted as the outsourced investment executive for a large DB pension scheme with over £3.6bn in assets. 

Our role included:

  • Bespoke cashflow matching using contractual cashflow assets and illiquidity premium. 

  • Collateral waterfall framework with corporate bond repo and ABS. 

  • Credit Default Swap overlay to maintain return while increasing collateral headroom. 

  • Longevity swap implementation and full liability hedge as funding improved. 

This proactive approach helped the client evolve its strategy, improve resilience, and achieve better long-term outcomes.

 

 

Source: MGIM as at December 2024. Expected returns are estimates using Momentum 10y assumptions net of expected fees. Actual returns may differ.