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BlackRock CEO Says Pension Funds Should Invest More in Stocks
Pensions & Investments 
Dec. 4, 2013 "Pension funds have to focus on the longer-term view and can't look at quarterly or yearly returns when allocating money to assets, [BlackRock CEO Laurence D. Fink] said. Since March 9, 2009, when the stock market closed at its lowest after the financial crisis, the S&P 500 has advanced 165%. 'I truly believe the experience we've just witnessed over the last several years explains more than ever why you have to have an outcome-oriented investment process,' Mr. Fink said, referring to the stock market rally." MORE >> |
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