There is a lot of literature on how much pension funds are chasing exotic and high-risk investments due to the unexpected longevity of pensioners and persistenc

There is a lot of literature on how much pension funds are chasing exotic and high-risk investments due to the unexpected longevity of pensioners and persistence, until recently, of low interest rates example: https://reason.org/commentary/with-interest-rates-low-us-pension-funds-make-risky-emerging-market-debt-investments/ https://reason.org/commentary/with-interest-rates-low-us-pen...