Can Public Funds Compete?
- Topics:
- Commercial Lending
- Tags:
- Asset Management,
- Benefits,
- Business Operations,
- Human Resources,
- Institute For Fiduciary Education,
- Management,
- Operational Planning,
- Strategy
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Overview: Recent research indicates that public fund returns lag those of corporate plans and endowments, even after adjusting for differences in risk. This presentation explains the methodology, conclusions, and preliminary findings as to what is responsible for this result. It concludes that the public fund lag is not attributable to fund size, operating expenses or the size of the investment staff. Possible factors are unable to reject at this time include differences in asset allocation, investment management strategy, staff compensation, and governance and cultural factors.
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Format: PDF | Size: 338KB | Date: Jan 2003 | Pages: 4



