The longtime market bull warns that inflation will bring tighter policy and end the equities party.
The setback is expected to cost the pension between $15 million to $21 million.
CIO spoke recently with MetLife Investment Management (MIM) bank loans portfolio manager, Matthew McInerny, and head of high yield, Timothy Rabe, to find out why the asset class is in such demand and how institutional investors can take advantage of its current dynamics.
The conglomerate will be separating its consumer products from its pharmaceutical drugs and medical devices.
Companies that are tackling climate change are at the forefront of innovation and have the potential to offer investors diverse and uncorrelated sources of returns.
Northern Trust screens for the top of the class, and also to red-flag the less appealing bargain plays.