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Can Interest Rates Ever Be Too Low for LDI to Make Sense?
Russell Investments 
Aug. 8, 2016
"Market conditions can impact how effective different instruments are in achieving [liability-driven investment (LDI)] goals; not all strategies remain equally effective at all times. In other words, when interest rates get extremely low, that does not change what the pension plan is trying to do, but it could have implications for the best way to do it."
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