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Certain investment funds and pension funds have mandates that require them to buy investment grade or sovereign debt
by Jorge1o1 7y ago
Certain investment funds and pension funds have mandates that require them to buy investment grade or sovereign debt
- mrfredward 7y agoIt's quite terrifying to think that pension funds are using forecasts of healthy returns to claim they are well funded, whilst simultaneously making investments with guaranteed negative returns.
- gowld 7y agoThere's nothing particularly terrifying about "negative". What's terrifying is the delta between forecasts and actual returns. Forecasting 8% vs actual 2% is much more terrifying that forecasting 1% vs actual -1%.