Did UK Pension Funds Miss The Lesson Of The MBS Collapse?
- Saturday, October 22, 2022, 7:27
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Supply-side economics in the face of rising inflation ended Liz Truss’s short tenure as Prime Minister. The markets hated her plan, the British pound fell and the turmoil resulted in a massive liability-driven investment management blowup and margin calls for many of the UK’s largest pension funds.