The prospect of rising interest rates has some pension sponsors concerned about the limited supply of long-term corporate bonds. Vanguard Lead Investment Actuary Brett Dutton explains why such concerns need not translate to immediate action.
Brett Dutton is lead investment actuary for Vanguard Institutional Advisory Services®. He leads a team of specialists supporting pension investment advisory clients through asset liability modeling, risk assessment, portfolio construction, and investment research. Before joining Vanguard in 2016, Mr. Dutton worked at Mercer and Reams Asset Management.
Mr. Dutton earned a B.S. (summa cum laude) in mathematics from Grove City College and an M.M. in conducting from The Pennsylvania State University. He is a fellow of the Society of Actuaries, a CFA® charterholder, and an enrolled actuary under the Employee Retirement Income Security Act (ERISA).