Pension funds: Predictions for Year of the Rabbit

Among a slew of macro-economic factors, inflation will continue to weigh on pension fund investments as the world enters the Year of the Rabbit.   A sharp spike in US inflation to a 40-year high in 2022 changed the game for institutional investors after a protracted period of low interest rates and double-digit gains in financial markets. For pension plans, with their long range horizons and multi-decade-stretching liabilities, an immediate concern will be whether central banks …