
Alternatives
Private Equity Powers Record-Breaking Pension Returns
The asset class has outperformed even public equities for many institutional investor portfolios.
$35.8 billion fund says investing in coal, oil, natural gas companies is too risky.
Selling of nukes, tobacco, coal and oil sands holdings follows new law, plus actions of sister fund.
Pension back-up vehicles can now allocate more to illiquid, alternative asset classes.