Interesting piece on the activities of pension funds, and investing trends for that matter. As the US population ages, more resources will be pulled away from equities and into bonds as people look for safer returns in their retirement years. Considering from the previous post of pension funds using alternative investments more and more, it seems like some people may be have quite a bit exposure on both ends (far ends) of the risk curve. It'll be interesting to see how this all plays out in the years to come..
http://soberlook.com/2012/04/as-population-ages-institutions-reduce.html