12/02/2017 - James Grant Interviews Alan Fournier: “Pension Funds Are So Desperate For Yield, They’re Systemically Selling Vol…”

“The central banks have succeeded in pushing people out on the risk curve. They’re taking people that are managing the pensions of state pensioners and they have them in negative earning sovereign instruments. And now they have them– they’re so desperate for some yield, they’re systemically selling volatility, which is remarkable.”

LINK HERE to the article

 

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