[BITList] Fwd: aiCIO - Rothesay Life Tops UK Buy Out Chart

[HUGH]

Mike,

So it turned out to be nothing to do with life in Rothesay, one time gem of 
the Clyde Coast.

I love the last paragraph.
"If you're thinking about annuitization, the closest in-house solution is a 
100% fixed income portfolio with investment grade bonds that really mirror 
your liabilities," Eichhorn told aiCIO. "We would argue that corporations, 
particularly those with large pensions relative to market cap, undertaking 
these sorts of large de-risking actions for their pension funds would be 
justified in having ratings adjustments."

I had a word with the cat about it, but she just yawned.

Hugh.