Briefs

The brief’s key findings are:

• In FY 2022, public pension plans experienced negative asset returns, and some say it could have been even worse without alternative investments.
• But the real question is have alternatives (private equity, hedge funds, real estate, and commodities) helped or hurt over the long term?
• The results suggest that, from 2001-2022, alternatives have not helped overall returns – although they may have reduced volatility.