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Because they can? Nevada's pension fund is run by one guy who parks it all in Vanguard.
by wbl 8y ago
Because they can? Nevada's pension fund is run by one guy who parks it all in Vanguard.
- user5994461 8y agoThe whole point of a pension fund is that you can only add money and never take it back. It doesn't work out if many people try to cash out.
- parsnips 8y agoNevada PERS is one of the worst examples as well, missing it's investment targets over pretty much any period of time you can define.
- wbl 8y agoBecause its targets were quite high. CalPERS much higher fees missed its similar assumptions.
- walshemj 8y agoPensions do pay out you know when people retire
- walshemj 8y agoWell at least he's not putting it all on black :-) Pensions funds should not blindly put 100% in equity. Btw I have had a briefing from a trustee of one of the really big UK pension funds and they in no way invest like that. Given the briefing was under "Chattem House Rules" I cant say who and which major firm got sacked :-)
- wbl 8y agoThey have index funds for bonds also.