Which one of the following institutions typically has the longest investment horizon?

Question

Quizplus · Accepted Answer

Pension funds typically have a longer investment horizon than mutual funds or property and casualty insurers. This is because pension funds are structurally designed to provide retirement benefits for their participants over a long period of time, and therefore, can invest in assets that have a longer-term horizon. Banks typically have a shorter investment horizon, as they need to maintain liquidity and manage their balance sheets on a short-term basis.

Which One of the Following Institutions Typically Has the Longest