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Some Pension Sponsors Hitching Investments to Actual Liabilities Rather Than to Dreams of Huge Returns
CFO 
June 2, 2008
Excerpt: For years, companies have taken their cue from bull markets, hitching pension-plan assets to Wall Street's tail. Now, however, some are resetting their investment targets to 'market-based liabilities,' says pension-investment consultant Paul Morgan, rather than 'an expected return of 8 percent' or thereabouts.
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