I sat and read through a news piece today....$150b Danish Pension Fund ‘AkademikerPension’ ready to sell all of US Treasury bonds amid rising Greenland tensions.
So there are three parts of the story left out.
First, the total amount in Treasury bonds....around $100-M or .4-percent of their total.....so it's not exactly a lot.
Second, AkademikerPension is a public pension fund....which is designed for college graduates and government employees....who know their regular pension from Denmark....is limited. You won't find heating technicians, plumbers, or car mechanics participating in their program.
Third, yes....the college graduate crowd probably put a lot of internal pressure on the managers of the fund.
Finally, the prime question I have....after they sold the bonds....did they at least break 'even'? If they didn't break even....how exactly will they explain the loss?
Oh, and a odd final question....you have $100-M now in your hand.....where will you invest it? German bonds? Swedish bonds? Greek bonds?
No comments:
Post a Comment