Pension funds miss £500m on ill-timed corporate bonds sortie

UK pension schemes increased their investments in corporate bonds just as they were hit by the credit crisis, according to a new study which estimates the funds are £500m (€704m) worse off than they would have been committing to safer government debt.

Hewitt Associates, a consultancy which studied the impact of the investments, said UK pension schemes have been investing steadily more in corporate credit since 2002, attracted by higher yields than were available on government gilts.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It