Tag: alternatives
Alternative investments do not appear to have helped state and local pension portfolios. My co-authors – JP Aubry and Anqi Chen – and I have been laughing at ourselves over a recent brief. We were concerned that our topic and findings were explosive! So we had it reviewed by everyone under the sun, and st…
An early look suggest that these investments have neither increased returns nor reduced volatility. My colleagues – JP Aubry and Anqi Chen – and I are just completing a study on the impact of changes in the investment portfolios of state and local pension plans. Since the financial crisis, public pension plans – like other…
