Here’s hoping one of this new breed of annuities will fulfil yet another Ezra homily concerning death, that “the real measure of a lifetime of successful financial planning is when the cheque to the undertaker bounces”.
01/04/2008
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The chief investment officer of the $150 billion industry super fund says that Hostplus’ portfolio will weather the ongoing downturn in software companies and that moves by a number of large private credit managers to gate their funds are a result of the asset class being offered to retail investors who should not have assumed the funds would be liquid enough to get money out when everybody else is trying to do the same.
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