Dawid Konotey-Ahulu was part of Merrill Lynch team that in 2003 developed LDI in a bid to “immunise” defined-benefit pension schemes against large movements in rates
ft.com/content/3d0fcf…
Pairs well with Chartbook #157 on Sep 2022 bond market massacre
adamtooze.substack.com/p/chartbook-15…
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…