US funds dump fixed income for global equities, alternatives
US - US funds are abandoning fixed income and turning to global equities and alternatives in an attempt to bridge the gap between expected returns on investments and future funding needs, says Greenwich Associates.
New research from Greenwich reveals US public and private pension plan sponsors reduced their average fixed income holdings from 26.8% of total portfolio assets in 2003 to 23.7% in 2004. “Twelve percent...
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