Despite a recent report that shows pension funds
deceased their
commitments to
private equity by 94% last year, the pension
protection fund (PPF) has earmarked up to a quarter of assets to
alternatives.
Sources say the San Diego Country Employees Retirement Association is leveraging its fixed-income portfolio to create 'risk parity', continuing a trend among pension funds.
The
giant pension fund’s potential decision to slash its rate of return
could force California governments to struggle paying millions more each
year to provide employees with pensions.
