Public Pension Managers Get Desperate And Do Dumb Things |
| August 17, 2012 | August 2012 Bond Updates |
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For the last several years, a number of large public pension funds have embraced a risky strategy known as “risk parity.” Risk parity is when a plan borrows money to invest in a low standard deviation (a measure of volatility around an expected return) asset class, usually 10-year U.S. Treasury notes. |
| View more at: http://www.forbes.com/sites/greatspeculations/2012/08/16/public-pension-managers-get-desperate-and-do-dumb-things/ |
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