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Jonathan Glidden - Saving Delta's Pension with Portable Alpha
Dec 4, 2024
In this conversation with Jonathan Glidden, Chief Investment Officer of Delta Airlines Pension Plan, he shares his remarkable journey from engineering to finance. He discusses the innovative portable alpha strategies that transformed Delta's pension plan funded status from 38% to over 100%. Jonathan highlights key lessons learned from financial crises, such as 2008 and COVID-19, while emphasizing the importance of risk management and liquidity. This episode is a treasure trove of insights for anyone interested in optimizing pension fund management.
01:09:20
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Quick takeaways
- Jonathan Glidden transformed Delta's Pension Plan funding status from 38% to over 100% through innovative portable alpha strategies.
- The importance of effective governance and clear communication was emphasized to gain support for the implementation of portable alpha strategies.
Deep dives
Transformation of Delta's Pension Plan
The Delta Airlines Pension Plan underwent a significant transformation, improving its funding status from 38% to over 100%. This turnaround is largely credited to the implementation of portable alpha strategies, which allowed for more capital efficiency and diversification within the portfolio. The Chief Investment Officer, Jonathan Glidden, utilized lessons learned from previous market downturns to build a more resilient investment approach. His experience at Emory University's endowment fund provided practical insights into effectively managing investments while aiming for alpha.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode