Public pensions enjoy a 17.6% jump in total holdings Y/Y - but that's before likely-negative Q3...
Public pensions enjoy a 17.6% jump in total holdings Y/Y - but that's before likely-negative Q3 results come in. Pensions are drastically short on future obligations; estimates range from $700B to $3T. The 10 most underfunded corporate pensions, according to UBS: AKS, GT, OI, X, LMT, SVU, WHR, F, SHLD, RTN.
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