Public pension funds continue to demonstrate their bottomless appetite for credit and related products. However, the repeated setting of new records for credit allocations isn't the most interesting thing about this trend. One analyst suggests all these new credit allocations could bring about the next financial crisis because they will be very difficult to unwind when people finally ask for their money back in a few years.
Q4 hedge fund letters, conference, scoops etc
Another massive jump in credit allocations from pensions
Canaccord Genuity analyst Brian Reynolds has been following pensions' record-breaking credit...
