Paul Kedrosky's Infectious Greed
Finance & The Money Culture
This is a big issue for pension funds that struggle for solvency both in North America and in Europe. The difference is that the Europeans have better asset-liability management than N.A. pensions. I believe that N.A. pension funds should be concerned about life expectancy but it would be better to focus on A-L management first
Paul Kedrosky‘s Infectious Greed
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