Asset Allocation
It’s a Terrible Time for Pensions to Have Weak Liquidity
Market downturn could force some public pensions to sell assets for a loss.
Although it might look controversial, a split portfolio may be strong option to meet a fund’s short-term cash needs as well as maximize long-term wealth.
Milliman reports a 1.7% drop in the funded ratio of US DB plans from the end of 2017.
The number of workers benefiting from state and local government pensions in 2016 rose 3.3% in 2016.