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Pension Fund Changes May Prompt Investment Managers to Underplay Risk
HR Daily Advisor 
Oct. 1, 2012
"While MAP-21 meets the goal of lowering pension funding in a low-interest-rate environment ... the law also may set a precedent of shifting asset allocation toward building fund income and away from holding liability-hedging assets, such as bonds. This could expose corporate pension plans' assets to greater volatility as past underfunding concerns subside."
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