I’m not sure where the treasury slush fund accusation comes from?
Morning star being a rag, it’s borderline embarrassing at this point.
As you say, the idea that pension funds can somehow become treasury slush is nonsense. What they could very much become though is a very quick way to incease assets under management for the sovereign wealth fund.
Morning star being a rag, it’s borderline embarrassing at this point.
As you say, the idea that pension funds can somehow become treasury slush is nonsense. What they could very much become though is a very quick way to incease assets under management for the sovereign wealth fund.