Credit Crunch!


Pension funds and their investment managers spend the majority of their valuable time looking at ways of achieving outperformance in the funds they are responsible for.

Like hamsters on a wheel, they constantly ask themselves the same questions: should I be on this part of the curve or that part? Should I be overweight or underweight this sector? Should I switch from this credit to that credit?

This is how they earn their money: their ability to understand and analyse the market, and generate

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