Remove fixed-income doublelines-sherman-back-average
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MiB: Savita Subramanian, US Equity & Quantitative Strategy, Bank of America

The Big Picture

She explains what she is concerned about: “The areas that I worry about are that bottomless pit of “unmarked” assets that have doubled or quadrupled in size and asset allocation… Think about the average teacher or firefighter pension plan – it’s 30% illiquid today versus 5% back in the 2000s.

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