A raft of strategies—hedge and short-exposure funds,
derivatives, portable alpha, and liability-driven
investing—has ratcheted down pension risk. Or has it? On the
contrary, there is evidence that many pension funds are
taking more risk. At a time when CFOs will not tolerate
earnings volatility surprises, another pension funding crisis
will prompt a flood of terminations.
There are, in most of our experiences, certain near-disasters—things that ensnared associates,...
The Deification of DB-ification
RecentlyI stumbled across another of those "DC plans are becoming like DB...
PLANSPONSOR.com news articles that also appeared in the Upfront section of the...