Journal Article
Examining the Recent Shift in State and Local Pension Plans to Alternative Investments
Abstract: State and local pension plans have increasingly turned to alternative investments in recent years. The authors found that this shift appears to be across the board; underfunding only partially explains this shift. In addition, they found that switching to alternative investments does not necessarily increase the volatility of returns.
Keywords: Investments; Pension plans;
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https://www.kansascityfed.org/en/publications/research/mb/articles/2017/examining-recent-shift-state-local-pension
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Bibliographic Information
Provider: Federal Reserve Bank of Kansas City
Part of Series: Macro Bulletin
Publication Date: 2017-09-30
Pages: 1-4