Public pension funds continue to demonstrate their bottomless appetite for credit and related products. However, the repeated setting of new records for credit allocations isn’t the most interesting thing about this trend. One analyst suggests all these new credit allocations could bring about the next financial crisis because they will be very difficult to unwind when people finally ask for their money back in a few years. Q4 hedge fund letters, conference, scoops etc Another massive jump in credit allocations from pensions Canaccord Genuity analyst Brian Reynolds has been following pensions’ record-breaking credit allocations for quite some time. In a…
How Public Pensions Could Trigger The Next Financial Crisis
Michelle deBoer-Jones
Michelle deBoer-Jones is editor-in-chief of Hedge Fund Alpha. She also writes comparative analyses of stocks for TipRanks and runs Providence Writing Services. Previously, she was a television news producer for eight years, producing the morning news programs for NBC affiliates in Evansville, Indiana and Huntsville, Alabama and spending a short time at the CBS affiliate in Huntsville.