Alternatives
Private-Market Performance Under Pressure
Higher borrowing and input costs mean broadly buying the market does not guarantee the level of returns investors came to expect from private assets.
Higher borrowing and input costs mean broadly buying the market does not guarantee the level of returns investors came to expect from private assets.
Institutional investors like Arizona’s pension plan have done pretty well with this newly popular asset class.
Pension’s unfunded liabilities making it difficult to hire, retain teachers.
System liquidates entire high-yield portfolio.
Slight hike to start at the beginning of the next fiscal year.