Tag: Cambridge Associates Private Equity Index
![Block tower of arrows and extra blocks](https://crr.bc.edu/wp-content/uploads/2018/09/Block-tower-of-arrows-and-extra-blocks-1536x1017.jpeg)
The answer appears to be “no.” State and local government pension plans review their investment performance in two main ways. At a broad level, they compare their overall portfolio returns to their peers or to a simplified portfolio (such as a 60/40 stock/bond index). At a narrower level, plans compare their returns by asset class…