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  • Current Public Pension Investment Policy Is Dangerously Risky [View article]
    Are you suggesting that they invest more in fixed-income in today's environment? That sounds like a one-sided (down-sided) risk to me. At least with equities there is upside and downside risk.

    I agree that 8% is way too high. But the assessment that alternatives are risky is a pretty broad statement. A lot of alternatives are private deals where the investor can do a lot of due dilligence on the likelihood of return without worrying as much about the whims of the market.
    Dec 5, 2012. 03:15 PM | Likes Like |Link to Comment
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