The asset classes can provide significant diversification and are uncorrelated with other fixed-income investments.
Callan study shows that 70% of them have a formal policy to deliver diversity, equity and inclusion.
A thumbs-up for long-short and market neutral, and down for ESG and crypto, says Agecroft Partners.
Roth joins the $1.2 trillion asset manager after almost a quarter-century at Morgan Stanley.
Rallying equities helped the pension giant return 16.1% during the year, but it fell 18 basis points shy of its benchmark.
