Pension schemes advised to sell LDI funds run by BlackRock, others

Pension schemes advised to sell LDI funds run by BlackRock, others

A man walks next to a BlackRock sign pictured in the Manhattan borough of New York, October 11, 2015. REUTERS/Eduardo Munoz

Pension schemes that invested in liability-driven investment (LDI) funds run by BlackRock and other managers are being advised to sell their holdings, the Financial Times newspaper reported on Monday.