Uncategorised posts
Liquidity premium escapes UK investors
UK pension funds have not taking advantage of their comparative advantage as long-term investors and have not earned a positive long-run liquidity premium on their investments, according to a paper from the Cass Business School that examines UK pension funds’ monthly allocations to major asset classes over the period 1987-2012. The authors – David […]
Amanda WhiteJanuary 23, 2015