ESG causes pension investment strategies to underperform passive funds
Pension investment strategies have been coming up short for years as most states watch their unfunded liabilities grow. One study shows that actively managed public pensions have been underperforming passive index funds, which further demonstrates everything that’s wrong with most pension investment strategies. Q3 2020 hedge fund letters, conferences and more A new study looks at the best and worst-performing state pensions and their investment strategies compared to passive funds. Pensions would do better if invested in passive fundsIn a study published in August 2019, the Institute for Pensi...