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Some Pension Funds Embrace Riskier Assets
The Wall Street Journal; subscription may be required Link to more items from this source
Aug. 28, 2013

"Among 224 large corporate pensions studied by Fitch, plans were on average 8.5% invested in illiquid 'Level 3' assets, a significant boost from 7.8% at the end of the year-earlier period. Some 66 of those plans held illiquid assets worth more than 10% of their plans, which Fitch says is concerning. 'Plans with more than 10% of assets in Level 3 assets may call for further investigation, because these include relatively illiquid holdings,' Fitch said[.]"

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