GLOBAL - Pension funds are questioning the efficacy of traditional liability driven investment (LDI) strategies as the indices used to construct the strategies proved to be too backward-looking, Pacific Investment Management Co. (PIMCO) chief executive Mohamed El-Erian said.
Speaking at the annual conference of Allianz Global Investors (AGI), PIMCO's parent company, El-Erian told reporters: "Indices traditionally used to construct portfolios matching pension funds liab...
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