Jared Gross’s large corporate clients have been asking for a different kind of help over the past year. It is a change from the approach that Gross, JPMorgan head of institutional portfolio strategy, has taken for more than a decade: shifting workers’ retirement savings out of traditional stocks and bonds and into private equity and other complex strategies that can lock up money for a decade. Locking up funds for a long period is unpopular now because for the first time in years, easy-to-trade corporate bonds and bank loans offer appealing returns, thanks to rising interest rates.
Heather Gillers is a national reporter for The Wall Street Journal and Yahoo Finance, specializing in financial and economic news. With a focus on topics such as municipal finance, pensions, and investments, Heather provides insightful analysis and reporting on the impact of economic trends on various sectors. Her articles offer valuable insights into the financial landscape and its implications for investors and businesses.