It is tempting to think of pension funds & insurers as long-term, patient investors. But their money is managed by

It is tempting to think of pension funds & insurers as long-term, patient investors. But their money is managed by asset managers whose incentives are quite different. Interesting this by Brett Christophers.
ft.com/content/0cbd88… https://t.co/MQY7YhVrPP

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