Cash Is King for Pension Funds After UK Funding Market Shocks.

(Bloomberg) -- A dash for cash among sterling investors after market turmoil sparked by pension fund margin calls is coming at a bad time, according to an M&G Investments executive. Nina Moylett, the firm's head of cash and currency, sees her markets as divided between pension funds desperate for cash and others who have built up sufficient buffers. [Extracted from the article]