The tendency of pension fund managers to "herd like lemmings" is threatening the stability of financial markets, according to the Pensions Institute (PI) at Cass Business School
Pension funds of a similar size and sector "herd" in and out of asset classes at the same time, causing assets to depart from their fundamental values, the study said. In The market for lemmings...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
