PIMCO: Papers Focus on Delayed LDI, US Credit Outlook

Two papers published by Mohamed El-Erian and Rene Martel, chief executive and product manager of the Pacific Investment Management Co. (PIMCO) respectively, delve into the future credit outlook of the US and on the state of LDI implementation.   

Outgoing CalPERS Board Member Criticizes Fund Earnings

Lou Moret, an outgoing CalPERS board member, has criticized the pension for investment earnings at the fund being below the median among institutional investors, as detailed in a quarterly earnings report by Wilshire.

Survey: Pensions Love Hedge Funds

Pension money is going into hedge funds at a faster rate than other asset classes, according to an annual survey by the National Association of Pension Funds.