That’s is 100% correct. I don’t fully follow the whole LDI trade, but it seems clear that “juicing up” pension returns is an insane strategy, even if the black swan event is highly remote. Pensions Regulator approach needs an inquiry.
@Silver-fox started
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That’s is 100% correct. I don’t fully follow the whole LDI trade, but it seems clear that “juicing up” pension returns is an insane strategy, even if the black swan event is highly remote. Pensions Regulator approach needs an inquiry.