The Wall Street Journal: Pensions Venture Into Risky Corners of the Market in Hunt for Returns
Retirement programs are increasing bets on private debt, junk bonds and real estate as negative yields pare asset growth ByAvantika Chilkoti and Caitlin Ostroff November 7, 2019 Some pension-fund managers are venturing further into unusual investment territory as this year’s plunge in bond yields makes it harder to find decent long-term returns. Funds are dabbling in riskier asset classes, including private markets, real-estate projects, infrastructure financing and direct lending. Some are making riskier fixed-income bets, buying volatile assets such as 100-year Argentine government bonds. Others are going farther afield, investing in greenhouses and [...]