Been out with a friend who is board member of a UK pension fund and advisor to many others. LDI was an allowable risk. So everyone took it as a way to leverage to make underfunded liabilities look funded. Pushed by the structure creators and backed by the big consultants
— Polemic Paine (@PolemicTMM) Sep 28, 2022
via Twitter https://twitter.com/PolemicTMM
September 29, 2022 at 03:03AM
No comments:
Post a Comment