Liability-Driven Investment? Look, Daft Idea, more like
Neil Collins’ Notebook: The LDI gamble comes to a head, and it’s time for the pompous OECD to savage the UK once again.
Neil Collins’ Notebook: The LDI gamble comes to a head, and it’s time for the pompous OECD to savage the UK once again.
The decision some UK pension funds made to clear derivatives used in so-called liability-driven investment strategies exacerbated the industry-wide cash-crunch that prompted the Bank of England to intervene in Gilt markets in late September, pension experts say.
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