Pension plan’s investment committee votes down a second attempt from member Jason Perez to reverse its 20-year-old ban.
The one-time ABB pension asset allocator, after her short and bumpy interlude at CalPERS, co-founded BERG and now has hired him.
Beijing’s hard-line policies and investing hurdles complicate the decision.
Sure, passive beats active hollow overall, but ferreting out the market beaters is worth it. Some pension funds heartily agree, some really don’t.
These vital physical assets are a steady-returning opportunity that American pension programs under-utilize, fans say.