Well, if your average pension fund planned 7% yearly returns back in 2005, then boom, zero rate interest policy arrived, with 2.5% coupon on 10 year treasury bi

Well, if your average pension fund planned 7% yearly returns back in 2005, then boom, zero rate interest policy arrived, with 2.5% coupon on 10 year treasury bill, they had to dig into more risky assets. corporate debt, more exposure to stocks.