On a macro scale, it’s confusion. But on an individual level, America’s pension plans are sure of what they need to do regarding investment risk-levels; they just aren’t all sure in the same way.
The Harvard endowment has been lambasted by critics for an illiquid
investment strategy and an overly ambitious infrastructure expansion
plan, but in possible signs of a turnaround at the world’s largest
university endowment, hiring has started once again.
With European regulators looking to tighten the alternative investment collar, UK pension funds – who now, more than ever, need the excess returns that alternatives are purported to provide – have stepped into the battle.