The size of the public pension problem in the United States is growing, and a new paper published by the Harvard Kennedy School for Business and Governmentexplores the obstacles to reform along with potential solutions.
"Good client management is about earning your firm an incremental year of patience,” says Jeremy Grantham of GMO Capital Management, noting that the goal for investors should be to not underperform bear markets.
From aiCIO Magazine's April Issue: Many institutions are looking for a new approach and are adopting risk parity and other de-risking strategies, but many of these approaches reflect faulty applications of the theories.
From aiCIO Magazine's April Issue: Julian Robertson’s Tiger Cubs started some of the aughts’ most impressive hedge funds. Are David Swensen’s Yale Pups, increasingly in control of other foundations and endowments, the current decade’s equivalent?