Business, Management and Accounting
8 years ago

Public pension funds face financial crisis due to unrealistic return assumptions.

1 view
SSRN Electronic Journal
The Changing Role of Hedge Funds in the Global Economy
Everett M. Ehrlich

Paper Summary

The article discusses how various institutions like pension funds and endowments have faced challenges in the financial markets due to optimistic investment return assumptions. Public pension funds, in particular, have struggled with this issue.

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