Hospital Authority ponders inflation risk

Longer-term inflation risk has become a concern for pension funds and other long-liability institutional investors. At a roundtable discussion on the subject of risk management organised by AsianInvestor, Heman Wong, investments director at Hospital Authority Provident Fund Schemes, said market participants have become too complacent about inflation, given its historical volatility. "For years everyone agreed volatility in equity and bond markets was too low, but no one did anything…