US. It May Be Time for Corporate Pensions to Add (Some) Growth Assets
Now that most corporate pensions are materially stronger than they were prior to the Global Financial Crisis, investors are arguing that these plans can afford to take on more return-seeking assets — specifically, equities. For many corporate plans, funded status has improved, asset allocations have long since been substantially de-risked, hedge ratios are higher, and pension liabilities are often smaller relative to the sponsoring company. Rick Ratkowski, managing director of investment strategies at the $483 billion investment manager NISA Investment...
