One investor's plight is another's opportunity. For Jim Kauffmann, the American public pension fund crisis is a chance to try something new. "Our oldest clients have come to us and said we just need a little bit more out of these fixed-income returns," says the Atlanta-based head of fixed income at ING Investment Management. "It's not that they're being greedy, it's just to make the numbers work."
It comes as no surprise that pension fund managers have asked him to take on more risk so they c