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European pensions may be well run but they are hugely under exposed to venture and tech overall so I'm skeptical of them crying wolf about the tech industry whe
by robk 7y ago
European pensions may be well run but they are hugely under exposed to venture and tech overall so I'm skeptical of them crying wolf about the tech industry when they have so little exposure to it.
- tptacek 7y agoAre American pension funds particularly exposed to venture? My understanding of this industry comes almost entirely from the Kauffman report, which I'm sure is very dated, but that understanding is that venture as an asset class is just a small slice, and invested in primarily because of asset manager requirements to look for un-correlated assets. If that were true, that wouldn't be an argument that a collapse in tech wouldn't be a systemic failure, because of course all sorts of other actors are connected to tech.