Featured in WSJ Opinion:
Insurers can’t simply pull out of these private-market positions with a snap of their fingers.
The trend of tempting insurers into investing in private-market vehicles is fascinating given their historical focus on listed equities and fixed income (“Private Equity Taps Cash From Insurers,” Business & Finance, Feb. 1). There is a real worry that the risk is going to be higher for private-market funds in the years to come.
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