San Bernardino leads pension fund charge into credit

By David Wigan

Wednesday, October 03, 2012

US public pension funds are leading a charge among investors to increase allocations to alternative strategies in credit

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TAGS: Fundraising Performance

Comment by: Anonymous. Posted 11 years ago [2012-10-16 23:56:35]

An element of this story that caught my eye is the statement that US public pension funds are permitted to discount LIABILITIES based on expected returns of ASSETS. Isn't this rule both clearly wrong and dangerous?!

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