PENSION MANAGEMENT: “In the wreckage of the credit markets, investors are starting to look for opportunities. Count the Massachusetts state pension fund among them. The $36 billion retirement fund for state workers is nearly tripling its potential exposure to distressed debt investments this year – mainly in beaten-up corporate debt – to $800 million, The Boston Globe reported. That’s a small slice of the total portfolio, at 2 percent. But it’s a sign that large investors are looking for places where money can be made, after a crushing year in virtually every realm of the market.”