Over the past 25 years, UK pension funds have radically re-shaped their investment portfolios. Over 50% is now invested in bonds.
Both the private equity and property markets are constipated, and ongoing illiquidity is beginning to cause some snags in funding new initiatives.
Amongst a number of potential ‘wow-ing’ ideas, Bull optimistically suggests a switch in allocations out bonds to help get the sectors moving again.
Enjoy your Sunday.