Jonathan Glidden - Saving Delta's Pension with Portable Alpha
Corey Hoffstein, Rodrigo Gordillo, and Jonathan Glidden discuss portable alpha strategies, focusing on Jonathan's work with Delta Airlines. They delve into hedge fund evaluations, risk management, asset allocation, and liquidity challenges while offering insights into governance and new alpha opportunities.
Key Points
- The targeted implementation of portable alpha strategies played a crucial role in transforming Delta Airlines' pension plan from a 38% funded status to over 100% today.
- Effective liquidity management and maintaining a diversified hedge fund portfolio are essential for the success and stability of a portable alpha strategy.
- Building strong governance buy-in and clearly defining success metrics are vital for the long-term implementation and acceptance of complex investment strategies like portable alpha.
In this episode of the Get Stacked
Investment Podcast, Corey and Rodrigo have an insightful conversation with
Jonathan Glidden, Chief Investment Officer of the Delta Airlines Pension Plan.
Since joining in 2011, Jonathan has been pivotal in elevating Delta’s pension
plan funded status from 38% to over 100%. They delve into Jonathan's
unconventional career journey, his implementation of portable alpha strategies,
and share valuable lessons learned from turbulent financial periods such as
2008 and 2020. Whether you're a seasoned investor or new to the concept of
portable alpha, this episode provides a masterclass on optimizing pension plan
management through innovative investment strategies.
Chapters
| 0:00 | |
| 3:33 | |
| 9:17 | |
| 20:06 | |
| 26:43 | |
| 35:56 | |
| 44:37 | |
| 50:18 | |
| 54:47 | |
| 59:32 | |
| 1:03:18 |
Transcript
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