mallowstreet University Dinner: Cashflow Driven Investment (CDI)
Improved funding levels and an increase in cashflow negativity suggest pension schemes have less of a need to invest for growth, and can shift their allocations to meet cashflow needs. Given the increased need to meet cash outflows, forced selling can lead to significant costs if portfolios do not have income-generating assets, raising issues of path dependency. PIMCO want to share our latest research into constructing and managing portfolios that generate contractually-defined cashflows, either through income or maturing assets, to meet cashflow needs. We will discuss the key features of these portfolios along with the challenges associated in managing this type of allocation.
Speakers
Soraya Kazziha Head of EMEA Client Analytics
Ms. Kazziha is an executive vice president in the London office. She is head of client solutions and analytics for EMEA and global head of solutions for financial institutions. Prior to joining PIMCO in 2012, she was a managing director and head of EMEA rates structuring at Credit Suisse, where she was responsible for offering structured solutions to institutional investors and public sector clients across the region. She has 20 years of investment experience and holds a Ph.D. in mathematical finance from Imperial College, London, and an electrical engineering degree from Ecole Superieure d’Electricite (Supelec), Paris.
