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| Author: | Stewart, G.B. III |
| Title: | Pension roulette: Have you bet too much on equities? |
| Journal: | Harvard Business Review
2003 : JUN, VOL. 81:6, p. 104-109 |
| Index terms: | Stock markets Portfolio management Pensions Accounting standards Taxation Investment Risk USA |
| Language: | eng |
| Abstract: | By 1999, the bull market had poured a collective USD 260 billion surplus into the pension coffers of the S&P 500. But just two years later, the market had obliterated those gains, replacing them with a cavernous USD 240 billion deficit. With the stock market down, many pension funds are in trouble. Employees and fund managers are scared. Companies should have realized and had better learn that they can never get ahead by putting retirement funds in stocks. |
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