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Home>Roses are Red, Markets are Green

Roses are Red, Markets are Green

Perspectives Content Submission

Tue, 21 Feb 2012

Remember the good old days when households, endowments and pension funds could budget for the future by simply forecasting an 8% expected return in their financial assets and allowing their liabilities to expand in kind? Of course this worked until it didn’t, and the search for 8% returns has conti
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