Academic

PENSION MANAGEMENT: ?In the wreckage of the credit markets, investors are starting to look for oppo?

By Glenn Reynolds

PENSION MANAGEMENT: “In the wreckage of the credit markets, investors are starting to look for opportunities. Count the Massachusetts state pension fund among them. The $36 billion retirement fund for state workers is nearly tripling its potential exposure to distressed debt investments this year - mainly in beaten-up corporate debt - to $800 million, The Boston Globe reported. That?s a small slice of the total portfolio, at 2 percent. But it?s a sign that large investors are looking for places where money can be made, after a crushing year in virtually every realm of the market.”

Full post as published by Instapundit.com on April 17, 2009 (boomark / email).