The list, published by a top teachers union, names 34 hedge funds managers involved with organizations it claims are attacking educators’ DB pension plans.
Large US public pensions are, on average, making alpha—but could be making more if they shifted a greater portion of their portfolios to passive investments, researchers say.
Why pay for active when passive can work just as well? That was the message the California pension fund's board got from its strategist Salient Partners at the latest meeting.