Pension plans need to take more risk to hit their return targets, a large fund-of-hedge-funds manager has warned.
Speaking at Risk USA in New York today, Jane Buchan, chief executive and co-founder of Pacific Alternative Asset Management Company (Paamco), said her firm regularly comes across instances in which pension portfolios are "under-risked" and could take more exposure. Paamco has 90 institutional investor clients.
"It's a huge problem right now. If you look out in the industry, you will