3 ms·
The “private actors” are not always so private: CalPERS is doing a lot of PE, for example.
by kgwgk 7y ago
The “private actors” are not always so private: CalPERS is doing a lot of PE, for example.
- Kyragem 7y agoCalPERS should really fire their 100 Goldman Sachs advisors and really do what NVPERS is doing (fund managed by 1 person who mainly invests in index funds).
- ericd 7y agoAnd I think this hits the nail on the head for where the problems are going to come from. Low interest rates have made it very hard for pension funds to keep up with their (overgenerous) past promises with safe assets, and a frothy stock market seems like it’s been keeping them solvent.