Sweating for a 1.57 Return?
Pensions and Investing Daily reports that “Missouri Local Government Employees’ Retirement System, Jefferson City, hired Bridgewater Associates to run a $100 million portable alpha portfolio, said Brian Collett, chief investment officer, in an e-mail.” See it here.
But what’s eye-catching is the last paragraph… “Separately, the pension fund reported a return of 2.16% in the fiscal year ended June 30, 59 basis points above its policy benchmark.”
I’m no pension expert, but shouldn’t we aim a little higher???
Originally in September 25 MOScout.