Volatile Market Is a Challenge to Pension Fund Managers
Many pension funds have reacted to the recent gyrations of equity markets by remembering the adage that discretion is the better part of valor. As a result, they have reduced their allocations in this volatile asset class even further, according to asset managers.
David Turner
October 15, 2011
The European Union (EU) flag hangs outside the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Sept. 23, 2011. U.S. stocks were little changed, after a four-day drop for the Standard & Poor's 500 Index, as investors looked for further signals that policy makers will investors looked for further signals that policy makers will take action to prevent a financial crisis. Photographer: Andrew Harrer/Bloomberg
Andrew Harrer/Bloomberg
