FYI: Pension plans are eventually going to cause some problems for municipalities who have over-promised and under-saved for their beneficiaries. To make up for differences between asset and liabilities, and because of political pressure to succeed, many of these funds have turned to alternative forms of investing. The next hope to provide a savior is private equity. I’m skeptical that this will solve all of their problems.
Regards,
Ted
http://awealthofcommonsense.com/2017/06/the-pension-fund-private-equity-hail-mary/
