Published on 9th October 2012
With pension funds and other big investors increasingly hungry for yield, life insurer MetLife Inc. on Tuesday launched a major new initiative: an investment-management business that will focus on real estate and private-placement debt. Both types of investments are drawing increased interest from institutional investors for their potential to provide above-average returns, analysts have said, as interest rates are expected to stay at ultralow levels for years. [The Wall Street Journal]