Why Is Aon Selling Its Benefits Unit to Blackstone?

The video discusses the transition of Aon's business to Blackstone, highlighting the shift from hedge funds to passive investment strategies. It addresses challenges in pension management, including liability-driven investing and underfunded corporate pension plans. The discussion extends to public pension systems and legislative reforms, concluding with an outlook on hedge funds and alternative investments.

What is liability-driven investing and how does it differ from traditional investment management?

What are the implications of underfunded pension plans for corporate earnings?

How might the situation of public pension systems evolve in the future?