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Local government pension schemes in the UK, managing around £400 billion in assets, have invested significantly in non-bank "shadow lending" funds despite recent concerns from the Bank of England regarding the sector's risks, with many schemes exposing pensions to volatile and opaque markets, while regulators issue warnings about potential losses and liquidity challenges amid changing economic conditions. #PensionFunds #Investments #ShadowLending #GB #US #IR
Britain's local council pensions bet big on shadow lending