On today's edition of Boiler Room, Alfonso Peccatiello walks through his most recent article on The Macro Compass titled "The Pension Funds Drama Explained". Leveraged bets, illiquid assets and pending liabilities have led to a UK pension fund crisis. How did pension funds end up in this tenuous state? Are US and European pensions next, and what does this mean for investment portfolios? Tune in to find out! --  Follow Alfonso: https://twitter.com/MacroAlf  Follow Blockworks: https://twitter.com/Blockworks_  Subscribe To The Macro Compass: https://themacrocompass.substack.com/ Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Referenced In The Show: The Pension Funds Drama Explained: https://themacrocompass.substack.com/p/pension-fund-drama#details --  Timestamps: (00:00) Introduction (01:34) Pension Funds 101 (05:47) Everything Was Fine, Until Volatility Hit (08:46) Can This Happen To The US & Europe? (11:21) Investment Implications --  Disclaimer: Nothing discussed on Boiler Room should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.