Id read the Matt Levine article https://www.bloomberg.com/opinion/articles/2022-09-29/uk-pensions-got-margin-calls-l8szudjy https://www.bloomberg.com/opinion/ar

Id read the Matt Levine article https://www.bloomberg.com/opinion/articles/2022-09-29/uk-pensions-got-margin-calls-l8szudjy https://www.bloomberg.com/opinion/articles/2022-09-29/uk-pen... The hedge is because they moved to stocks because of low yields on bonds.