Provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act that go into effect Sept. 9 have many pension funds concerned, perhaps unnecessarily.
According to research by Northern Trust, many pension funds use interest rate swaps to synthetically increase their portfolios' lifespan while conserving capital. These swaps are widely used in liability-driven investment strategies as a hedge.
Dodd-Frank, which was passed two years ago, increased regulation of the $633 trillion over-the-counter derivative market.
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