FYI: Our discussion last week about representatives of the League of California Cities urging CalPERS, the state’s huge pension fund for public employees, to juice up investment returns generated a lot of interesting feedback.
It is clear that public-pension funds need some help. Rather than offer specific investment recommendations, I am going to make some suggestions to help them think about what they should be considering when reviewing their own portfolios.
Regards,
Ted
https://www.bloomberg.com/view/articles/2018-05-21/how-public-pensions-can-start-healing-themselves
