Archive: Jean-Pierre Aubry
U.S. inflation peaked at 8.9 percent in June 2022, and, while the rate has declined substantially since then, inflation still remains an important concern. That concern is justified in that the first brief in this two-part series – as well as numerous other studies – have shown that inflation harms older households by both reducing…
Public pension plans have been shifting toward more complex investments in the past two decades, moving a sizable share of assets out of traditional equities, bonds, and cash into alternative assets, and expanding their reliance on external managers. This increased complexity, coupled with a shift toward active management, contrasts sharply with other investors,…
