J.P. Morgan Manager Forecasts “Grim” 2013 for Pensions

Strong equity markets did little to help corporate pension plans in the United States during 2012, and likely will not in 2013 either, according to one top asset manager. “The bottom line: the outlook is grim for pension funds next year,” Karin Franceries, executive director of J.P. Morgan Asset Management, told aiCIO. “Even if equity markets perform well as they did this year, credit spreads will then likely tighten and funding statues will fall.”  Click here for her comments.