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Nangle said the sheer size of scheme LDI positions had unsettled the market
The systematic risk of pension funds all investing in similar liability-driven investment (LDI) strategies was the cause of last year’s crisis in markets, the Work and Pensions Committee (WPC) has heard.
In the first session of the fourth formal meeting of the WPC's inquiry into defined benefit pensions with LDI - held this morning (1 February) - the committee heard evidence from people including B...
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