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Irish Life
Irish Life the largest life and pensions group and fund manager in Ireland, employing 2,000 people and servicing one million customers.
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Irish Life Health
Welcome to Ireland’s newest health Insurer, Irish Life Health. Bringing fresh options and innovation to the health insurance market.
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Irish Life Corporate Business
The largest provider of company pensions, life insurance and income protection for companies and affinity groups across Ireland.
Active fixed income has been at the cornerstone of ILIM since our inception. As an experienced fixed income manager, we know that the best strategy is one that meets your needs. Our strategies follow an investment philosophy that does not involve leverage, but makes best use of available active fixed income market opportunities within a defined set of risk parameters.
Our Approach
We understand that because the market is dynamic, our investment strategies must be as well. We create high-quality, well diversified investment strategies by combining:
- Duration positioning
- Country selection
- Secondary sources of alpha
- Trading expertise
- Risk management
- Distinctive portfolio design
The outcome is a range of reliable investment solutions that allow investors to meet desired outcomes across risk and return profiles. We have a proven track record of delivering to our clients’ needs across economic cycles and for different client objectives.
Reasons to invest
As well as delivering a proven track record of performance, we differentiate our active fixed income capabilities in the following ways:
- A proven fixed income team
A stable team with an average of 25 years’ fixed income investment experience. Our funds have over 20 years history in active fixed income performance with strong positive outperformance. - Robust investment process
We implement a multi-strategy approach with an emphasis on active duration management and secondary sources of alpha like county allocation, inflation linked and swap-spread modelling. Real time modelling and analysis allows for quick adjustment to portfolio positioning, capturing value opportunities in rapidly changing market environments. - Emphasis on managing risk
We seek to capture a diverse range of fixed income opportunities whilst closely managing market risk, with significant emphasis on avoiding downside scenarios and thus aiming to generate strong risk-adjusted returns
Our Products
All of our fixed income investment strategies are underpinned by our proprietary research, extensive fixed income experience and state of the art fixed income management systems. We currently offer the following fixed income strategies which can be further tailored to suit client specific objectives:
- Active Euro Government Bond Strategy: The Active Euro Government Bond Strategy focuses on managing a variety of Eurozone fixed income funds versus a given benchmark. Key products are Eurozone all maturities, 1-5 year, 5+ years and 10+ year maturity funds, while also actively managing inflation linked bond funds. The active strategy seeks to outperform the given benchmark over 3 year rolling basis. We utilise all major sectors of the Euro Government bond markets to implement a diversified set of strategies including country, currency and sector rotation, yield curve positioning and duration management.
- Bespoke Fixed Income solutions: Beside our standard active fund suite ILIM Fixed Income provides bespoke Fixed Income solutions for our clients. Most of these solutions are a product of close cooperation with the client, their advisors and actuaries. After clearly identifying the client needs ILIM Fixed Income will present a fixed income portfolio that matches the client’s profile. For this process ILIM Fixed Income utilises a variety of in-house and external tools to optimise funds with regards to a variety of factors such as: maturity (duration), income and risk requirements. As both client requirements and bond markets are not static the ILIM Fixed Income team monitors these funds on an ongoing basis providing clients with regular updates and suggestions of how to improve these funds.
Our team
Key Contacts
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Niall joined ILIM in March 2019 as Head of Fixed Income and has over 30 years’ experience in the financial industry. He was appointed to Head of Indexation, Fixed Income and Credit Solutions in October 2020. He is responsible for our active and passive fixed income capabilities and is a member of the asset allocation committee.
Prior to joining ILIM, Niall was Global Head of Fixed Income Portfolio Strategy at State Street Global Advisors. He was responsible for leading a team of experienced investment professionals with operations in Dublin, London, Boston, Bangalore and Singapore. The team represented investment capabilities to clients, spanning indexed and active fixed income, LDI, cash and currency. Prior to taking on this role he was Head of Fixed Income and Cash at State Street Global Advisors Ireland (formerly Bank of Ireland Asset Management), as well as managing the institutional real estate investment team. Niall holds a Commerce Degree and a Master’s in Business Studies (first class) from University College Dublin.
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Lenny was appointed Fund Management Economist in August 2012 and is a member of the asset allocation committee. Previously, he was responsible for managing the financial and retail sectors in ILIM’s active global equity funds. Lenny has over 25 years’ experience in the financial industry.
Prior to joining ILIM in July 2005, Lenny worked for Zurich, AIB and Aviva Investors in equity research and investment management roles.
Lenny graduated with a B.A. in Economics from Trinity College Dublin in 1986, and became an Associate Member of the Institute of Investment Management & Research in 1990.
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John joined ILIM in 2011 as a Senior Active Fixed Income Fund Manager and is a member of the Asset Allocation Committee.
John manages discretionary active fixed income strategies for institutional, retail and defined benefit pension scheme clients. John is also responsible for managing ILIM’s LDI product, advising defined benefit pension schemes on their liability matching strategies. He has been at the heart of developing our ALM modelling capabilities. Prior to joining ILIM, John worked as an executive director within the UBS London credit trading department, having previously worked with RBS and JP Morgan.
John is a fellow of the Society of Actuaries in Ireland having qualified while working for Canada Life in Dublin. John graduated from University College Dublin in 2002 with a bachelor’s degree in Actuarial and Financial studies.
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Brian is part of the Indexed Fund Management team in ILIM, responsible for managing a range of equity and fixed income indexed funds. Brian joined ILIM in 1992 and worked for a year in external client reporting, followed by nine years in active fund management as a Portfolio Construction Manager. He then spent over three years as Manager of the ILIM IT Business Analyst team, before returning to fund management and joining the Indexed Investment Team in 2007.
Prior to joining ILIM, Brian worked within the Irish Life group in a number of business and accounting roles in retail, corporate business and central financial accounting.
Brian completed his final Association of Chartered Certified Accountants exams in 1991 and the Institute of Investment Management & Research exams in 1995.
How can we help?
Irish Life Investment Managers (ILIM) is the appointed asset manager to Irish Life Group Limited. ILIM is committed to innovating and leading the market with best in class investment solutions designed to meet the specific investment needs of our clients. Call us at: +353-1-704 1200 or email [email protected]