Public Pensions Turn to Private Assets in 2018
Expected lower return environment spurs interest in private equity, real assets.
Expected lower return environment spurs interest in private equity, real assets.
Report estimates top 50 defined benefit plans at 86% funded level.
The firm sees widening economic expansion, higher volatility in 2H2017 in its Q3 investment outlook.
Goldman Sachs Asset Management managing director replaces interim CIO Tim Nguyen.
88% of respondents believe the S&P Index will be higher in 2017 than last year.
Rising interest rates, political uncertainty boosted returns for liquid alternative strategies in 2016.