BAE Brought in from the Cold by Norway’s KLP
The local government pension fund reinvests in the British defence giant after it abandons nuclear weapons projects.
Former US Representative Earl Pomeroy praised public pension CIOs, saying problem is underfunding, not DB plans.
The old classic 60/40 portfolio has handily beaten its modern, diversified counterparts since the financial crisis.
Complicated regulations, policies, and procedures inhibit good investment decisions according to Oxford and Stanford Professors.