Tag: state pension
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…
The brief’s key findings are: One way that public pension plans assess their investment performance is to compare returns by asset class to selected benchmarks. Plans pay fees to external asset managers with the expectation that they will exceed the benchmarks. As these fees have come under greater scrutiny, the question is whether higher fees…
