Tag: Public Pension Investments
![Minature businessperson standing between two coin stacks](https://crr.bc.edu/wp-content/uploads/2024/06/Minature-businessperson-standing-between-two-coin-stacks-1536x1024.jpeg)
They would improve transparency and most likely returns by investing in index funds. I must admit, I love it when research supports my gut. Hence, I am delighted to report the findings from the new study by my colleagues JP Aubry and Yimeng Yin that compares actual returns earned by state and local pension plans…
![Businessman looking at graphs at a desk](https://crr.bc.edu/wp-content/uploads/2024/06/Businessman-looking-at-graphs-at-a-desk-1536x1024.jpeg)
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,…