PENSION FUND DEFICIT MANAGEMENT This page (under construction) looks at the strategy of pension fund deficit management which takes advantage of any risk/reward asymmetry in the price performance of CBs and exchangeables. The strategy requires a programme of profit-taking and reinvestment into issues offering greater risk/reward asymmetry than on the CB sold, but it also demands a degree of equity volatility. MYNERS' CALL TO DIVERSIFY & HOW TRUSTEES CAN ENSURE THEIR CB PORTFOLIOS ARE AUDITED FOR PROSPECTUS RISK It also looks at the recommendation of pensions supremo Paul Myners that pension funds should invest in alternative investments (to include convertibles and exchangeables). The CONV.BIZ Focus List is now sufficiently large that a diversified portfolio of convertibles can be selected form the CONV.BIZ Focus List. The process should provide comfort to Pension Fund Trustees that every CB selected has been audited on a due diligence basis, and the risks of another costly prospectus risk fiasco (like Aristocrat) have been substantially mitigated.