PT - JOURNAL ARTICLE AU - Travis Bagley AU - Aran Murphy TI - Beliefs, Behavior, Strategy, and Tactics for<br/> Transitioning into a Liability-Driven<br/> Portfolio AID - 10.3905/joi.2011.20.2.155 DP - 2011 May 31 TA - The Journal of Investing PG - 155--159 VI - 20 IP - 2 4099 - https://pm-research.com/content/20/2/155.short 4100 - https://pm-research.com/content/20/2/155.full AB - This article provides perspective on the transition management aspects of liability-driven investing (LDI). It discusses first the context and motives for moving into a liability matched investment portfolio, and then describes two of the potential strategies for portfolio transitioning. It concludes with the tactical considerations of the transition for a plan sponsor.TOPICS: Pension funds, style investing, fixed-income portfolio management